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San Miguel Group
In this Group: Lucia , Celia , Liz , Sandra , Elsa , Alejandra , Adolfina , Evangelista , Felipa , Carolina , Marta , Eva , Cinthia , Alodia , Gloria , Maria, Ramona , Estela *
* not pictured
The Women's Committee called San Miguel ("Saint Michael") was formed in 2010 thanks to one of the members who invited her friends and neighbors to form the group. Joining the group were 18 women, who can be found working very comfortably through the fifth semester of the program of the Women's Committee of the Fundación Paraguaya ("Paraguayan Foundation").

One of these women is Celia, who has worked selling chipas (a typical Paraguayan snack) for a very long time. She says that she has always had good sales, as chipas are consumed regardless of whether it is cold or hot, and this results in very good earnings. Her goal is to be able to continue growing, and in doing so, to help her family with their daily expenses.

Celia requests this loan to purchase starch, cheese, lard, anise, and other necessary condiments to make the chipa that she sells. She thanks the Fundación Paraguaya and Kiva for the opportunity that they are giving to her and to her group.
View original language description ↓
El Comité de Mujeres de nombre San Miguel , se conformó en el 2.010, gracias a que una de las miembros invito a sus amigas y vecinas para la conformación del grupo y logró juntar a 18 mujeres quienes se encuentran trabajando muy a gusto en el 5º ciclo del programa de comité de mujeres de la fundación paraguaya.
Una de estas mujeres es la señora Celia, quien se dedica a la venta de chipas (alimento típico paraguayo) desde hace ya mucho tiempo. Comenta que siempre tiene buena venta, ya que haga frio o calor siempre es consumida, y eso le tae muy buenas ganancias. Su meta es poder seguir creciendo y de esa forma poder ayudar a su familia con los gastos del día a día.
Ella solicita el crédito para la compra de almidón, queso, manteca, anís y demás condimentos necesarios para la elaboración de la chipa que vende. Agradece a la fundación y a Kiva por la oportunidad que les está dando, a ella y a su grupo.

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
  • 55
    View loans »
    Paraguay Loans Fundraising
  • $29,518,125
    Funds lent in using Kiva
  • 4,590.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of San Miguel Group's $3,425 loan helped a member to buy starch, cheese, lard, anise, and other ingredients.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 19, 2011
Listed
Jan 17, 2012
Currency Exchange Loss:
Covered
Ended:
Jul 15, 2012