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San Gregorio Group
In this Group: Salvadora, Lorena, Natalia , Natalia , Cecilia , Neri , Miguela , Balbina , Ramona , Ignacia , Francisca , Eulalia , Margarita , Blanca , Isaura , Claudia , Zulma , Bacilisia , Mirta , Laura
The San Gregorio communal bank emerged with the leadership and support of a group of women who came together and decided to form a bank in the neighborhood. The bank is located in San Gregorio neighborhood in the city of San Lorenzo. Its principal goal is the growth of each member, not only financially but also personally.

Sra. Salvadora, president of the group, is 45 years old and is an enterprising, hardworking and very optimistic woman. She says that she is engaged in selling various items such as clothing, foodwear, etc. This is her principal source of income and, thanks to her hard work, she has been able to move her family forward and help them to have the minimum necessary for a decorous and dignified life. She wants to continue helping her own through her work. Thus she is requesting a loan so that she can buy clothing and shoes to sell and continue with her small business. She is grateful to the Fundación Paraguaya and to Kiva for the great opportunity they have given her to succeed.
View original language description ↓
El comité San Gregorio nace mediante la gestión y el apoyo de un grupo de señoras que se agruparon y decidieron formar el comité dentro del barrio. Este comité es de la Ciudad de San Lorenzo del Barrio San Gregorio, se fijaron como objetivo principal el crecimiento de cada una de ellas, no solo en lo económico, sino también en lo personal.
La Sra. Salvadora, presidenta del grupo, tiene 45 años, es una mujer emprendedora, trabajadora y muy optimista. Comenta que se dedica a las ventas varias, como ser de ropas, calzados y demás artículos, cuenta que este es su principal fuente de ingresos, y que gracias a su arduo trabajo ha podido sacar adelante a su familia y ayudarlos a tener lo mínimo para una vida digna y decorosa. Ella desea seguir ayudando a los suyos por medio de su trabajo, es por ello que pide el crédito, para poder comprar prendas y calzados para vender y de esa forma seguir en su micronegocio. Agradece a la fundación paraguaya y a Kiva por la gran oportunidad de progreso que les está dando.

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
  • $28,644,000
    Funds lent in using Kiva
  • 4,600.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of San Gregorio Group's $3,850 loan helped a member to buy summer clothing and footwear for later sale.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 20, 2011
Listed
Jan 19, 2012
Currency Exchange Loss:
Covered
Ended:
Jun 15, 2012