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San Agustín Group
In this Group: Eugenia, Mirtha , Norma , Epifania , Gloria , Marciana , Ylda , Marcia , Liliana , Olga , Demeria , Claudia , Graciela , Maria , Estela , Andrea *, Julia , Sandra *, Teresa *, Fidelina *
* not pictured
The communal bank San Agustín was formed by various neighbors getting together in the city of Mariano Roque Alonso. All of the members the communal bank are working independently, but also they have group activities in order to strengthen their relationship. They came together with the intention of working together and through their team work be able to help their families.

Julia is one of the members of the communal bank. She works selling embroidered slippers, and she also makes cloth bells and buckles.

She is a very creative lady and she hopes to get ahead.

She has no children and her husband is employed. She is very happy in her work and the training the group receives. Thanks to her work she can help her husband and in this way be able to ease a little of the household expenses.

Julia is asking for a loan in order to buy supplies, such as slippers, beads including beaded pearls, rings and the rest of the necessary supplies in order to make her embroidered slippers.

She is grateful to the foundation and to Kiva for the opportunity that they give her.
View original language description ↓
El comité San Agustín se formó con la unión de varias vecinas de la ciudad de Mariano Roque Alonso. Todas las integrantes del comité desarrollan actividades independientes, pero también realizan conjuntamente actividades que fortalecen su compañerismo. Ellas se unieron con la intecion de trabajar juntas y por medio de ese trabajo en equipo poder ayudar a sus familias.
La Señora Julia es una de las integrantes del comité, ella se dedica a las ventas de zapatillas bordadas, también hace agogos de tela, hebillitas. Es una señora muy creativa y con ganas de salir adelante. Ella no tiene hijos y su marido es Empleado. Se encuentra muy satisfecha con su actividad y las capacitaciones que recibe el grupo. Gracias a su trabajo ella puede ayudar a su marido y de esa forma poder aligerar un poco los gastos de la casa.
La señora Julia solicita el crédito para la compra de Materiales, como ser zapatillas, mostacillas, perlitas, argollas y demás insumos necesarios para hacer sus zapatillas bordadas. Agradece a la fundación y a Kiva por la oportunidad que estas le dan.

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
  • 69
    View loans »
    Paraguay Loans Fundraising
  • $30,816,725
    Funds lent in using Kiva
  • 4,590.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of San Agustín Group's $3,175 loan helped a member to buy slippers, beads including beaded pearls, rings and the rest of the necessary supplies in order to make her embroidered slippers.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 19, 2011
Listed
Jan 18, 2012
Currency Exchange Loss:
Covered
Ended:
May 16, 2012