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Las Amigas Group
In this Group: Margarita Zulema, Mirian , Liz , María , Pablina , María , Liduvina , Maria , Maricelba , Nimia , Elvira , Maria , María , Rossana , Raquel , Zunilce , Daniela , Luz , Gladys , Claudelina , Valentina *
* not pictured
This communal bank was formed with the help of one of the bank members, who contacted her neighbors and friends to form her group. From that came the bank named Las Amigas because all of them depend on each other so their bank will get ahead, and because all the members are there to help each other and continue making progress in their profitable activities.

Margarita is the president of the bank. She is a very modest, responsible, and active person who very much wants to get ahead. Margarita comments that she has a well-stocked bookstore where she provides her neighbors with all types of school supplies. With this business she is able to help with the household finances and in this way improve their lifestyle.

She is requesting the loan to buy notebooks, books, pencils, erasers, and other items with which she will be able to stock her store and have a good variety.
View original language description ↓
La formación del presente comité se inicio con la ayuda de una de las miembros del comité Ella contacto con sus vecinas y amigas para formar su grupo, de allí surge el comité que se Denomina “Las Amigas” ya que todas dependen unas de otra para que su comité salga adelante y todas las integrantes están para ayudarse y seguir progresando en sus actividades productivas.
La presidenta del comité es la Sra. Margarita; es una persona muy humilde, responsable, activa y con muchas ganas de salir adelante. Margarita comenta que tiene una librería bien surtida, donde provee a sus vecinos con todo tipo de artículos escolares, por medio de su negocio ella puede ayudar con la economía de la casa y de esa forma mejorar el estilo de vida que llevan.
Ella solicita el crédito para la compra de cuadernos, libros, lápices, borradores y demás artículos, con lo cual podrá abastecerse y tener surtido su local.

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
  • 4,530.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Las Amigas Group's $4,100 loan helped a member to buy notebooks, books, pencils, erasers, and other items.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 16, 2011
Listed
Jan 16, 2012
Currency Exchange Loss:
Covered
Ended:
May 16, 2012