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Divina Misericordia Group
In this Group: Nidia, Delia, Adrian, Raquel, Adolfina, Carolina, Mirny, Felicia, Cecilia, Francisca
The group called Divina Misericordia is in their first loan cycle. The members make an effort and help each other to move ahead. This work helps their families as they grow as people and small business owners.

Mirny is one of the group members. She is from the city of Caaguazú. Her business selling general household items and cleaning products is also located there. She hopes that with the passage of time, and with the help of all the people in her area, they can improve their environment and offer better security to their families so that they can give them a better future.

She is requesting this loan to purchase kits or mini-franchises to make cleaning products. This will allow her to continue growing her business and give her family what they need to have a life without hardship.
View original language description ↓
El grupo llamado Divina Misericordia está en su ciclo número 1 donde las miembros se esfuerzan y se ayudan por salir adelante y por medio de ese trabajo ayudar a sus familias a ir creciendo como personas y microempresarias.
La Sra. Mirny es una de las integrantes, ella es de la ciudad de Caaguazú donde tiene su pequeño negocio de una despensa y venta de productos de limpieza. Desea que conforme pase el tiempo, y por medio de la ayuda de todas las personas de su zona puedan ir mejorando su entorno y así ofrecer una mayor seguridad a sus familias, también poder procurar para ellos un mejor futuro.
Solicita de este crédito para la compra de Kits de productos de limpieza o microfranquicia y de esa forma poder seguir creciendo con su negocio y dar así a su familia lo que necesitan para tener una vida sin privaciones.

Additional Information

More information about this loan

This loan is designed for borrowers who want to open up their own microfranchises, with special focus on women and youth. As part of this program, Fundación Paraguaya provides each borrower with a microfranchise kit; business planning support; business, product and sales trainings; promotional materials; and office space to sell their products. Borrowers can open different types of microfranchises depending on their interests and skills. Fundación Paraguaya is one of the few microfinance institutions in the world that offers its borrowers the opportunity to open microfranchises.

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
  • 56
    View loans »
    Paraguay Loans Fundraising
  • $27,539,600
    Funds lent in using Kiva
  • 3,919.3
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Divina Misericordia Group's $1,450 loan helped a member to purchase a mini-franchise to make cleaning products.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 23, 2013
Listed
Feb 23, 2013
Currency Exchange Loss:
Covered
Ended:
Aug 17, 2013