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Santa Monica Group
In this Group: Dora, Zunilda, Mabel, Blanca, Nidia, Dionisia, Gloria, Ramona, Fatima, Luna*
* not pictured
The communal bank Santa Monica stands out for its solidarity and desire to get ahead as a group. Since Dora is an example of perseverence and hard work, the group decided to appoint her director of the group for this loan cycle.

Dora has a food business which has attracted many customers. Thanks to her delicious cooking, business is going well. Dora says she always tries to help her group and, together, they are getting ahead in their respective businesses.

She is requesting a loan to buy meats, condiments, vegetables and other supplies to make the food she sells. She is grateful for this opportunity which also helps other families.
View original language description ↓
El comité Santa Monica se destaca por la unidad y el deseo de progresar como grupo.La señora Dora es un ejemplo de perseverancia y del empeño que pone para progresar es por eso que el grupo ha decidido nombrarla directora desde este ciclo.
Dora se dedica a la venta de comestibles de todo tipo, se ha hecho de muy buena clientela, y gracias a que sus comidas son muy ricas le está yendo muy bien. Cuenta Dora que ella siempre ayuda a su grupo y que juntas y con el trabajo de todas están saliendo adelante.
Solicita de este crédito para la compra de carnes, condimentos, verduras, hortalizas y demás insumos para poder seguir haciendo sus comidas. Ella está contenta por esta oportunidad que les dan, ya que también de esta forma ayudan a 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
  • 55
    View loans »
    Paraguay Loans Fundraising
  • $28,760,275
    Funds lent in using Kiva
  • 4,182.5
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Santa Monica Group's $1,350 loan helped a member to buy meats, condiments, vegetables, and other items.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 19, 2012
Listed
Jan 17, 2013
Currency Exchange Loss:
Covered
Ended:
Jul 17, 2013