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Santa Rosa Group
In this Group: Margarita Rosalba, Sandra, Rocío , Pastora , Cintia , María , Marina , Teresa , María , Nancy , Felicita , Sonia , Nelly
This committee was formed thanks to one of its members who approached the foundation. She was very interested in forming a joint group because in her neighborhood one had formed and she wanted to try to make another one work. From there arises the group called Santa Rosa, which is comprised of 13 hard-working and fighting women.

Margarita is the president of the committee and she sells haberdashery. She says that her business is very prosperous due to the many sales thanks to the great number of customers who come to her business. One of her goals is to be able to keep expanding and in that way be able to keep helping with the maintenance of the house.

She requests the loan to buy clothing and apparel, shoes, footwear, and gift items in general. She thanks the foundation for the opportunity of progress which it gives her.
View original language description ↓
Este Comité se formó gracias a una de las miembros, quien se acercó a la Fundación muy interesada en formar un grupo solidario porque en su barrio se había formado uno y quería intentar hacer que funcione. De allí surge el grupo llamado Santa Rosa, el cual está integrado por 13 mujeres muy trabajadoras y luchadoras.
La Sra. Margarita es Presidenta del comité y se dedica a la venta de artículos de mercería, comenta que su negocio es muy prospero, ya que tiene muchas ventas gracias a la buena cantidad de clientes que siemrpe se acercan a su negocio. Una de sus metas es poder seguir creciendo y de esa forma poder seguir ayudando en la manutención de la casa.
Ella solicita el crédito para la compra de prendas e vestir, zapatillas, calzados, artículos para regalos en general. Agradece a la fundación por la oportunidad de progreso que esta le da.

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
  • 51
    View loans »
    Paraguay Loans Fundraising
  • $27,437,225
    Funds lent in using Kiva
  • 4,440.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Santa Rosa Group's $2,125 loan helped a member to buy clothing and apparel, shoes, footwear, and gift items in general.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 25, 2011
Listed
Dec 22, 2011
Currency Exchange Loss:
Covered
Ended:
Apr 15, 2012