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Rosa Mistica Group
In this Group: Baldomera , Dolores , Maria , Francisca , Carmen , Adelina , Monica , Maria , Maria , Maria , Sandra , Maria , Margarita , Maria
The Rosa Mistica communal bank is made up of 14 hardworking women from the city of Villa Elisa. They came together for the purpose of working together and through their work helping their families and children. They are now in the second loan cycle of the Mujeres Emprendedoras program of Fundación Paraguaya.

Maria tells us that she sells all kinds of footwear, thanks to which she has been able to help her family meet daily expenses. She is known as a very hardworking and enterprising woman. She notes that she has a very good clientele due to the good quality of her products and thanks to her own friendly personality. She is requesting this loan in order to purchase shoes, with which she will be able to stock her supply and meet the demands of her customers.
View original language description ↓
Rosa Mistica se llama el grupo integrado por 14 mujeres trabajadoras de la ciudad de Villa Elisa. Ellas se unieron con el proposito de trabajar juntas y por medio de ese trabajo poder ayudar a sus familias e hijos. Se encuentran actualmente en el segundo ciclo del programa de mujeres emprendedoras de la fundación paraguaya.
Maria nos cuenta que se dedica a la venta de todo tipos de calzados, gracias a lo cual ha podido ayudar a su familia y cubrir sus gastos diarios. Ella se define como una mujer muy trabajadora y emprendedora. Comenta que tiene muy buena clientela debido a la buena calidad de sus productos y gracias a la simpatía de Maria.
Ella solicita el crédito para la compra de calzados, con lo cual podrá abastecerse y cumplir de esa forma con sus clientes.

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

  • $4,555
    Average annual income
  • 59
    View loans »
    Paraguay Loans Fundraising
  • $29,518,125
    Funds lent in using Kiva
  • 4,415.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Rosa Mistica Group's $2,000 loan helped a member to purchase shoes for later sale.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 31, 2011
Listed
Dec 12, 2011
Currency Exchange Loss:
Covered
Ended:
Mar 15, 2012