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San Miguel Group
In this Group: Angelica, Alejandra, Maria, Silvia, Sonia, Barbara, Petrona, Juliana, Eva, Catherin, Amelia, Rebeca, Maria
The 13 members of the group have different business activities, and plan to invest the loan in supporting their respective businesses. They are all heads of family who want to help their children and families get ahead.

One of the membes is Angelica who is a seamstress. She says she has a very good clientele because of her good customer service. That is the reason they are happy and always come back. She is proud of what she does because her work is decent and dignified. She is requesting a loan to buy fabric, thread and elastic, as well as other supplies she needs to continue growing as a small business owner.
View original language description ↓
Las 13 integrantes cuentan con actividades variadas, cada una de ellas invierten sus créditos para el sustento de sus planes de negocios, son mujeres jefas de familia que quieren ayudar a sus hijos y familiares a salir adelante.
Una de estas mujeres es la Sra. Angelica, quien es modista, ella comenta que se ha hecho de muy buena clientela gracias al buen servicio que da a sus clientes, y eso hace que queden satisfechos y quieran volver junto a ella. Cuenta que está orgullosa de lo que hace, ya que es un oficio digno y decoroso.
Solicita de este crédito para poder invertirlo en la compra de telas, hilos, gomas y demás insumos para poder seguir creciendo como microemprendedora.

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
  • 71
    View loans »
    Paraguay Loans Fundraising
  • $27,639,150
    Funds lent in using Kiva
  • 4,114.4
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of San Miguel Group's $1,625 loan helped a member to buy fabric, thread, elastic, etc.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 16, 2013
Listed
Feb 15, 2013
Currency Exchange Loss:
Covered
Ended:
Jun 17, 2013