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San Francisco Group
In this Group: Ana, Cinthia, Geronima, Liz, Daniela, Isidora, Segunda, Maria Ines, Karen, Monica, Liz, Elisa, Silvina, Luz, Nadia
The "San Francisco" communal bank has 15 members, a majority of whom are craftspersons from Caranday, who devote their time to making very lovely hats, fans or dye work.

Ana is also a craftsperson and makes bright and colorful dyed hats that are used for any occasion.

The loan would be to cover the expenses of materials such as needles, thread, paintbrushes, etc., and this way earn better income to cover family necessities.
View original language description ↓
El comité "San Francisco" tiene 15 integrantes en su mayoría señoras artesanas de Caranday que dedican su tiempo a la realización de sombreros, pantallas o teñidos de colores muy hermosos.
La Señora Ana es también artesana y se dedica a la fabricación de sombreros coloridos y vistosos que se usan para cualquier ocasión.
El crédito sería para cubrir los gastos de la materia prima como agujas, hilos, pinceles, etc y con ello obtener un mejor ingreso para cubrir las necesidades de sus familias.

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
  • 62
    View loans »
    Paraguay Loans Fundraising
  • $29,035,975
    Funds lent in using Kiva
  • 4,427.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of San Francisco Group's $3,975 loan helped a member to buy needles, thread, paintbrushes, etc.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 18, 2012
Listed
Aug 27, 2012
Currency Exchange Loss:
Covered
Ended:
Jan 15, 2013