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Mimbi Group
In this Group: Basilica, Juana, Ninfa, Ilsa, Maria, Liz, Wilma, Leonidas, Maria, Irene, Lourdes, Ana, Estela*
* not pictured
The Mimbi committee was formed when several neighbors got together in the city of Mariano Roque Alonso. All of the members of the committee develop independent activities, but they also help each other so they can get ahead.

Lourdes, one of the members, sells all types of clothing. She says that she has a good variety and because of this she has been able to get ahead and help her family. Lourdes' goal is to have a great business and in this way be able to keep working.

Lourdes is asking for this loan to buy all kinds of clothing and she can keep working and have the means to help her family.
View original language description ↓
El comité Mimbi se formó con la unión de varias vecinas de la ciudad de Mariano Roque Alonso. Todas las integrantes del comité desarrollan actividades independientes, pero también se ayudan las unas a las otras para poder salir adelante.
Lourdes, una de las miembros, se dedica a la venta de prendas de todo. Comenta que tiene muy buena variedad de prendas y gracias a eso esta saliendo adelante y ayuda a su familia. La meta de Lourdes es poder tener un gran negocio y de esa forma poder seguir trabajando.
Lourdes solicita de este crédito para la compra de prendas de todo tipo, y de esa forma poder seguir trabajando y teniendo los medios para ayudar 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

  • $4,555
    Average annual income
  • 55
    View loans »
    Paraguay Loans Fundraising
  • $28,760,275
    Funds lent in using Kiva
  • 4,169.3
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Mimbi Group's $3,000 loan helped a member to buy clothing to sell.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 21, 2012
Listed
Feb 4, 2013
Currency Exchange Loss:
Covered
Ended:
Jul 17, 2013