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San Miguel Group
In this Group: Ana Epifania, Ana Maria, Delma, Marciana, Edith, Juana, Rosalina, Zoraida, Liz Karina, Encarnación, Teresa, Zuni, Tomasa, Olinda, Lucia
This group is called “San Miguel” and consists of 15 women who have respectable reputations and are well-remembered as capable individuals who have strived all of their lives to achieve a better future. These women are from the city of Villarrica. All of them are neighbors and friends. They meet every 15 days in order to support and help one another in various tasks that will develop their financial situations. Many of them are merchants (selling sewing supplies as traveling vendors, managing food stores from their homes, or selling fruits and vegetables). Some of them make handicrafts out of “ao po’i” (a fine cotton cloth unique to Paraguay that is used for embroideries). The women are very pleased with their participation in the program because the microloans from the organization have helped to improve their financial ventures.


Sra. Rosalina makes clothes and woven items out of “ao po’i” since these Paraguayan crafts are well-appreciated by the locals and admired for their beauty by those who live outside of the country. Her business requires great sacrifice because she does not always have good sales. She relies mostly on seasonal sales. However, she tries to maintain her customer base for each season so that she can keep her business afloat.


Rosalina is always prepared when it comes to her sales ability. For this reason, people greatly appreciate her and are not willing to do business with other craft vendors. Her dream is to someday have her own shop where she can sell woven crafts and clothes made of “ao po’i”. Rosalina is now requesting a loan from Fundación Paraguaya and Kiva so that she can buy the fabrics and thread that she needs to continue producing.

View original language description ↓
Este grupo se llama “San Miguel” donde integran 15 señoras de respetable reputación y muy bien recordadas como mujeres capaces de luchar en sus vidas por un mejor futuro.
Estas señoras son de la ciudad de Villarrica, todas son vecinas y amigas. Se reúnen quicenalmente para brindarse apoyo y ayudarse unas a otras en sus tareas de desarrollo de su situación económica.
Muchas de ellas son comerciantes (vendedoras ambulante de mercería, despensas en sus casas, venta de frutas y verduras). Algunas realizan trabajos artesanales del tradicional tejido en Ao po'i.
Estas señoras están muy contentas de participar en el programa, pues mediante esta empresa de microcrédito mejoran sus entradas económicas.
La señora Rosalina se dedica a la confección de prendas o tejidos de ao po'i, el cual es una artesanía de nuestro país, muy apreciado por los compatriotas y muy adquirido por su belleza por los extranjeros.
Es muy sacrificada esta actividad pues no siempre hay buenas ventas, depende mucho de las temporadas estacionales, pero de igual manera trata de formar una clientela para cada época a fin de poder mantener su nivel de comercio.
Es una mujer muy preparada en cuanto a la habilidad de comercializar y por eso es que las personas la aprecian mucho y no la dejan como proveedora de esta artesanía.
Su sueño es poder tener algún día su propia tienda de tejidos y prendas de ao po'i, ahora pide un préstamo a la Fundación Paraguaya y Kiva para poder comprar las telas y los hilos necesarios para seguir produciendo.

Additional Information

About Fundación Paraguaya

Fundación Paraguaya is a financially self-sustaining social enterprise that promotes entrepreneurship in urban and rural areas through microfinance, education programs, and more. Its focus on agriculture has helped many farmers boost their crop yields. And a number of other borrowers have taken out loans to start and grow social businesses that have helped deliver eyeglasses, medicines and other helpful services in their local communities.

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.

About Paraguay

  • $8,400
    Average annual income
  • 92
    View loans »
    Paraguay Loans Fundraising
  • $31,538,050
    Funds lent in using Kiva
  • 4,280.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of San Miguel Group's $3,600 loan helped a member to buy fabrics and thread for embroidering.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 21, 2011
Listed
Nov 21, 2011
Currency Exchange Loss:
Covered
Ended:
May 16, 2012