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San Francisco Group
In this Group: Mirta, Maria Gloria, Maria Elsa, Petrona, Isidora, Concepcion, Noelia, Dolores, Carolina, Faustina, Luisa, Leonida, Adelina, Nilda*, Catalina*, Rosa
* not pictured
View original language description ↓
In a city called Yaguaron, 15 km. away from our Paraguari branch office, there is a group of women with full of entrepreneurial ideas. They want to do something to improve their quality of life and they know that the only way to do that is by working very hard.



They are involved in many activities. Some of them own a grocery store, others a sewing workshop; some are housekeepers; others sell different products from food and vegetables to underwear. The credit provided would be used to buy raw materials depending on their business. For example, fabrics, food and drinks.



This group of 16 women called “San Francisco” has been working with Fundacion Paraguaya showing us an excellent performance in its payment.

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
  • 53
    View loans »
    Paraguay Loans Fundraising
  • $28,140,525
    Funds lent in using Kiva
  • 4,267.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of San Francisco Group's $2,350 loan helped a member its loans would be invested in each of their activities. Purchase of fabrics, thread, meta, drinks, milk, pasta, rice, lingerie, fruits, and vegetables.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Jun 14, 2008
Listed
May 14, 2008
Currency Exchange Loss:
Covered
Ended:
Oct 5, 2008