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Santo Domingo Group
In this Group: Carmen Elizabeth, Demetria , Justina , Rosana , Gilda , Rosa , Maria , Leonora , Emiliana , Mirta , Sara , Martina , Gricel , Mónica , Ada , Virginia *
* not pictured
The communal bank "Santo Domingo" came about through the management and support of a group of women who were working in this location. The group is from the San Lorenzo area, and its members established as its main objective the personal and economic growth of each member.

Mrs. Mirta is one of the group members and she has been selling clothing for several years. Through her work she has grown as a micro-businesswoman and has helped her family. Her dream is to have her own shop where she can display the garments she sells.

The loan she is requesting from the foundation and Kiva is to buy t-shirts, shirts, jeans and other clothing items.
View original language description ↓
El comité Santo Domingo nace mediante la gestión y el apoyo de un grupo de mujeres que se encontraba trabajando en dicho lugar. Este comité es de la zona de San Lorenzo, las integrantes del comité fijaron como objetivo principal el crecimiento de cada una de ellas en lo personal como en lo económico.
La Sra. Mirta es una de las miembros del grupo y cuenta que se dedica a por medio de las venta de ropas que hace desde hace un tiempo. Este trabajo le ha permitido crecer como microempresaria y a la vez ayudar a su familia. Su anhelo es poder tener un local propio donde ofrecer las prendas que trae para la venta.
Ella pide la ayuda de la fundación y de kiva para la compra de remeras, camisas, jeans, y demás tipos de prendas para poder surtirse.

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
  • 66
    View loans »
    Paraguay Loans Fundraising
  • $30,204,950
    Funds lent in using Kiva
  • 4,530.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Santo Domingo Group's $3,025 loan helped a member to buy t-shirts, shirts, jeans and other clothing 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