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Yrupe Group
In this Group: Juana Bautista , Apolinaria , Claudia , Inocencia , Rosa , Margarita , Irma , Manuela , Leonor , Elena , Juana , Simona *
* not pictured
This communal bank from the city of Paraguarí are called 'Yrupe', because that is the name of their neighborhood street. They are committed to keeping the group together and they work under a framework of respect and mutual responsibility. The bank is currently in their fifth cycle with excellent ratings. The group is composed of 12 women who invest their loans in their respective activities.

Apolinaria defines herself as a hard working and enterprising woman, with a lot of spirit to progress. She says that she has been selling milk for quite some time and so already has a well-defined clientele. She starts work very early in the morning every day, as she has to deliver milk to the customer's table in time for breakfast.

Apolinaria is requesting a loan to purchase milk, which will increase her stock and enable her to have more supplies so that she can fulfill the orders from her customers.
View original language description ↓
El comité de la ciudad de Paraguarí lleva por nombre Yrupe, debido a que asi se llama la calle de su Barrio, han asumido el compromiso de mantener unido el grupo y trabajar bajo un marco de respeto y responsabilidad mutua, actualmente se encuentran en el Quinto ciclo con calificación excelente, integrada por 12 mujeres quienes invierten sus prestamos en sus respectivas actividades.
Apolinaria s define como una persona muy trabajadora y emprendedora, con mucho espíritu de progreso. Ella comenta que se dedica a la venta de leche desde hace ya un tiempo, por o que ya tiene una clientela bien definida. Cuenta que todos los días trabaja desde muy tempranas horas, ya que tiene que llevar la leche a la mesa de sus clientes para el desayuno.
Ella solicita el crédito para la compra de leche, con lo cual podrá surtirse y de esa forma poder tener mayor cantidad en stock, y cumplir con los pedidos de sus clientes.

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
  • 82
    View loans »
    Paraguay Loans Fundraising
  • $29,572,925
    Funds lent in using Kiva
  • 4,260.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Yrupe Group's $2,800 loan helped a member to purchase milk to sell.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 28, 2012
Listed
Mar 28, 2012
Currency Exchange Loss:
Covered
Ended:
Sep 15, 2012