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San Vicente Group
In this Group: Sandra Noemi, Zulma , Irma , Karen , Seneida , Maria , Nilda , Luisa, Myrian , Gladys *, Diana *, Maria
* not pictured
Thanks to the job of its members, the San Vicente Committee is already working its second cycle. Their goal is to grow professionally in order to support their families as well as to help each other out.
Maria is a member of this group. She engages in selling sheets, oranges and molasses. She says that thanks to the loan she has received she has been able to improve her activity as well as her standard of living and her economic income. For this reason she is asking Kiva and Fundación Paraguaya for their support: she will buy sheets and oranges so that she will be able to keep on working and supporting her family.
View original language description ↓
El comité San Vicente gracias al trabajo que hacen sus miembros ya está en el segundo ciclo, tienen como meta crecer y de esa forma ayudar a sus familias y también ayudarse las unas a las otras.
La Sra. Maria es parte de este grupo, se dedica a la venta de sábanas, naranjas y miel de caña de azúcar, esto gracias al crédito que se le otorgó, nos comenta que mediante el crédito pudo mejorar su actividad y su nivel de vida e ingreso económico, es por ello que solicita la ayuda de kiva y fundación paraguaya para la compra de sabanas y naranjas, para que así pueda seguir trabajando y ayudando a su familia.

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

  • $8,400
    Average annual income
  • 72
    View loans »
    Paraguay Loans Fundraising
  • $30,772,800
    Funds lent in using Kiva
  • 4,403.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of San Vicente Group's $1,850 loan helped a member to buy sheets and oranges.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 8, 2012
Listed
Sep 18, 2012
Currency Exchange Loss:
Covered
Ended:
Mar 15, 2013