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Las Orquideas Group
In this Group: Angelica, Mirna*, Juana , Emilia , Justa , Idelina , Antonia , Rosa , Rosa , Carmen , Carmen , Maria , Gladys , Esther , Maria , Noemi , Sanie , Edista
* not pictured
The members of this communal bank are mainly heads of household who manage the home and put bread on the table every day. They are in their fifth cycle and stand out as a group because of each member's sense of responsibility and desire to get ahead.

Mirna, one of the members, sells all kinds of clothing for a living. She defines herself as a hard-working person who has made an effort to get ahead and make her business successful. She says business is going well and provides her with a good income. She wants to continue to grow and is requesting a loan through the Fundación and Kiva that she will use to buy all types of clothing to fill customer orders.
View original language description ↓
Las integrantes de este comité son en su mayoria cabezas de hogar en sintesis las que administran y se encargan de llevar a casa el pan del dia a día. Actualmente el grupo se encuentra en su quinto ciclo en donde se puede destacar el sentido de resposabilidad y los deseos de progresar que tienen de cada una de las que integrantes.
Mirna es una de las miembros, quien se dedica a la venta de prendas de todo tipo. Ella se define como una mujer muy trabajadora, quien por medio de su esfuerzo ha podido salir adelante y progresar en su negocio. Ella nos comenta que su negocio va muy bien, por lo que le trae muy buenos ingresos. Ella desea seguir creciendo, por lo que solicita la ayuda de la fundación y de kiva, por medio de un crédito.
Utilizará el crédito para abastecer su negocio con prendas de todo tipo para cumplir 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

  • $8,400
    Average annual income
  • 86
    View loans »
    Paraguay Loans Fundraising
  • $31,419,450
    Funds lent in using Kiva
  • 4,435.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Las Orquideas Group's $3,100 loan helped a member to buy clothing to sell.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 18, 2011
Listed
Dec 19, 2011
Currency Exchange Loss:
Covered
Ended:
Apr 15, 2012