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El Manantial Group
In this Group: Daniela, Elva , Edilia , Silvina , Liz , Albina , Daniela , Griselda , Lorenza , Veneranda , Sonia , Edi , Floria , Ramona , Clara , Rumilda , Pablina , Ramona , Silvina , Basilia , Lliliana *, Margarita *, Blanca *, Aurelia *
* not pictured
The committee is called “El Manantial” (The Spring) and they are in their 12th cycle with 24 members. It’s a group that stands out in the neighborhood because they are very united, mutually supportive and responsible with each other. They have a great enterprising spirit since they carry out joint projects in order to support themselves.

Sonia is one of the members of the group and she comments that she sells all kinds of perfume. Thanks to her effort and dedication she’s succeeded in getting ahead and gradually improve her income day to day. She comments that she does very well because she has a very good clientele who always buys the perfume she sells and thanks to that income she’s able to help her family.

She requested the loan to buy perfume both for men and for women to continue working and offering a wider selection to her customers. Sonia, like her fellow members, is grateful for the opportunity for success they are receiving.
View original language description ↓
El comité se llama “El Manantial” están en el Décimo Segundo Ciclo, con 24 integrantes, es un grupo que se destaca en el barrio por ser muy unidas, solidarias y responsables las unas con las otras. Las mismas tienen un gran espíritu emprendedor, ya que realizan labores juntas para poder apoyarse.
Sonia es una de las miembros del grupo, y nos comenta que se dedica a la venta de perfumes de toda clase. Gracias a su esfuerzo y dedicación ha podido salir adelante e ir mejorando sus ingresos día a día. Comenta que le va muy bien ya que tiene muy buena clientela que siempre compra de ella los perfumes que vende, y gracias a esos ingresos puede ayudar a su familia.
Ella solicita el crédito para la compra de perfumes, tanto como para hombres como para mujeres, con lo cual podrá seguir trabajando y ofreciendo mayor variedad a sus clientes. Sonia, como sus compañeras están agradecidas por la oportunidad de progreso que están recibiendo.

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
  • 59
    View loans »
    Paraguay Loans Fundraising
  • $28,673,125
    Funds lent in using Kiva
  • 4,255.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of El Manantial Group's $4,850 loan helped a member to buy perfume to sell.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 6, 2012
Listed
Mar 30, 2012
Currency Exchange Loss:
Covered
Ended:
Jul 15, 2012