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Miramar Group
In this Group: Rosana, Ignacia, Myrian, Liz , Aida, Francisca, Mirtha, Digna, Blanca, Juana, Francisca, Maria, Ramona, Maria, Alberta, Maria, Gregoria, Digna, Silvia
The communal bank Miramar comprises nineteen enterprising craftswomen who reside in the same community. All of the members of the group work making different crafts, such as ceramics and embroidery. Their talents have allowed them to get ahead and help their families with their running expenses.

Rosana is one of its members and she is a craftswoman. She makes embroidered lace and ñanduti (a particular traditional style of embroidered lace) which she attaches to sheets, pillows, tablecloths, placemats, clothing, etc.

She will use the requested loan to purchase the materials she needs, such as needles, thread, lace, scissors, fabric, etc. This will allow her business to reach a larger customer base, generate more income, and increase personnel capability.
View original language description ↓
El comité Miramar esta conformado por 19 mujeres artesanas emprendedoras que viven en la misma comunidad. Las integrantes del comité se dedican todas a la artesanía en sus diferentes rubros como cerámicas o bordados. Ellas gracias a su talento han podido salir adelante y ayudar a sus familiares con los gastos corrientes.
Una de las integrantes la señora Rosana se dedica a la artesanía, ella se dedica a hacer bordados de encajes y de ñanduti y lo coloca en sábanas, almohadas, manteles, individuales, en ropas, etc.
El crédito solicitado lo utilizaría para comprar los materiales que necesita como agujas, hilos, encajes, tijeras, telas, etc que le ayudarían a que su negocio crezca en clientela, ingresos y capacidad del personal.

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
  • 75
    View loans »
    Paraguay Loans Fundraising
  • $30,204,950
    Funds lent in using Kiva
  • 4,403.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Miramar Group's $5,275 loan helped a member to purchase thread, needles, scissors, fabric, lace, etc.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 24, 2012
Listed
Aug 30, 2012
Currency Exchange Loss:
Covered
Ended:
Feb 15, 2013