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San Miguel Group
In this Group: Noelia, Elida, Normalicia, Alba, Elva, Mirian, Feliciana, Nericia, Rosa, Gloria, Rosa, Severiana, Natividad, Liz, Maria, Rosa*
* not pictured
This communal bank is from the city of San Lorenzo. Each member of the group works hard to grow their business. They are known for the work that they do, and for the support that they give one another.

Noelia is the president of the group. She is a married woman who is very active, and she promotes the strengthening of the communal bank. Noelia has a business selling all types of fruits, and thanks to her good products her sales are good and the business is doing well. Her dream is to be able to have a large fruit store where she could continue to delight her customers with her products.

Noelia is requesting this loan to invest in the purchase of fruit so that she can have a good quantity of fruit to sell. This way, she can continue to work as she has been doing up until now.
View original language description ↓
Este comité es de la Ciudad de San Lorenzo, las integrantes se esfuerzan por el crecimiento de cada una de ellas, son conocidas por el trabajo que hacen y por el apoyo que se dan las unas a las otras.
La Sra. Noelia, presidenta del grupo, es una mujer casada, es muy activa y promueve el fortalecimiento del comité. Por su parte ella trabaja en la venta de frutas, tiene todo tipo de ellas, y gracias a sus buenos productos le está yendo bien y tiene buena venta. Su sueño es poder tener una gran frutería donde poder seguir deleitando a sus clientes con sus productos.
Solicita de este crédito para poder invertirlo en la compra de frutas y así tener un buen stock y seguir trabajando como lo viene haciendo hasta hoy.

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
  • 17
    View loans »
    Paraguay Loans Fundraising
  • $29,311,225
    Funds lent in using Kiva
  • 4,199.5
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of San Miguel Group's $3,875 loan helped a member to buy fruit to sell.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 19, 2012
Listed
Jan 18, 2013
Currency Exchange Loss:
Covered
Ended:
May 17, 2013