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Maria De Los Angeles Group
In this Group: Brigida, Anselma , Librada , María , Liliana , Angelina , Elodia , Antonia , Emilia , Adriana , Edelira *
* not pictured
The “María de Los Angeles” Communal Bank was formed when several neighbors in the city of Santani came together. They are very hardworking women who put forth all their effort to get ahead and help their families.

Librada is part of this group and notes that she is a street vendor, selling all kinds of products, such as sheets, blankets, bedspreads and other items. She adds that her work requires a lot of sacrifice because she has to go through the streets.

She is requesting the loan to purchase sheets and bedspreads so that she can continue working and giving her family what they need to lead a life of dignity.
View original language description ↓
El comité “María de los Ángeles” se formó con la unión de varias vecinas de la ciudad de Santaní, ellas son personas muy trabajadoras que se esfuerzan al máximo por salir adelante y ayudar a sus familias.
Librada forma parte del grupo y comenta que se dedica a la venta ambulante de todo tipo de productos, como ser sabanas, frazadas, sobrecamas y demás, cuenta que su trabajo es muy sacrificado ya que tiene que recorrer por las calles.
Solicita el crédito para la compra de sabanas y sobrecamas, con lo cual podrá seguir trabajando y dando a su familia lo que necesitan para una vida digna.

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
  • 92
    View loans »
    Paraguay Loans Fundraising
  • $30,930,425
    Funds lent in using Kiva
  • 4,410.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Maria De Los Angeles Group's $1,725 loan helped a member to purchase sheets and bedspreads.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 29, 2012
Listed
Sep 25, 2012
Currency Exchange Loss:
Covered
Ended:
May 17, 2013