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San Miguel Group
In this Group: Ana, Victorina, Lucila, Miguela, Juana, Antonia, Olga, Alicia, Jorgelina, Edita
San Miguel Communal Bank is in the city of San Pedro with 10 women who decided to get together and, through their work as a group, get ahead and help their families work. They're in their second loan cycle and are working to continue growing and reach the highest level of the program.

All the members work raising and selling farm animals. Some of the members slaughter the animals and sell them to butcher shops and businesses in the neighboring areas.

Lucila, one of the members, is requesting this loan to buy balanced feed and wheat for her animals.
View original language description ↓
El comité San Miguel se en la ciudad de San Pedro con 10 mujeres que decidieron unirse y por medio de su trabajo en equipo salir adelante y ayudar a sus familias a trabajar. Están en su segundo ciclo y están trabajando por ir creciendo y llegar al máximo nivel del programa.
Todas las miembros tienen como actividad la cría y venta de animales de corral, algunas de ellas los faenan y venden a las carnicerías y negocios de las zonas aledañas.
Lucila, una de las integrantes, solicita de este crédito para la compra de balanceados y trigo para sus animales.

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
  • 44
    View loans »
    Paraguay Loans Fundraising
  • $30,204,950
    Funds lent in using Kiva
  • 4,168.9
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of San Miguel Group's $1,775 loan helped a member to buy balanced feed and wheat.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 27, 2012
Listed
Feb 1, 2013
Currency Exchange Loss:
Covered
Ended:
Aug 17, 2013