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Rosa Mistica Group
In this Group: Ylcia, Maria, Cynthia, Basilisa, Nancy, Pascuala, Monica, Ardini, Yamila, Vanessa, Mirian
This is Rosa Mistica group's first year together and is made up of a committee of women who all work and support one another to succeed. They are taking part in a survey about eliminating poverty, and three of the members live below the poverty line.

Maria is one of the members, who, in her latest survey, had a level one poverty rating, meaning that her income is very low and are below the poverty line. However, she knows that through her hard work she can continue to grow. She makes a living selling cleaning products through micro-franchises offered by the foundation.

Maria is requesting this loan to buy a cleaning micro-franchise, which will enable her to keep working and making cleaning products, which she then sells. She is grateful for the opportunity that all the members are receiving as it will help them and their families a great deal.
View original language description ↓
El grupo llamado Rosa Mistica está en su Primer Ciclo del programa de comité de mujeres, donde todas trabajan y se ayudan por salir adelante. Están haciendo la encuesta de eliminación de pobreza, donde tres de las señoras se encuentran por debajo de la línea de pobreza.
Maria es una de las integrantes, quien en su última encuesta mostró un nivel de pobreza dentro del nivel uno, es decir que sus ingresos son muy bajos, y están por debajo de la línea de la pobreza, pero ella es consciente que a través del esfuerzo que hace podrá seguir creciendo. Ella se dedica a la venta de productos de limpieza que hace por medio de las microfranquicias que ofrece la fundación.
La Sra. Solicita de este crédito para la compra de microfranquicia de limpieza, con lo cual podrá seguir trabajando y haciendo los productos de limpieza que vende. Agradece por la oportunidad que están recibiendo todas las miembros, ya que les será de mucha ayuda, no solo a ellas, sino también a sus familias.

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
  • 43
    View loans »
    Paraguay Loans Fundraising
  • $29,537,050
    Funds lent in using Kiva
  • 4,039.3
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Rosa Mistica Group's $1,550 loan helped a member to buy a cleaning franchise to make cleaning products.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 26, 2013
Listed
Mar 25, 2013
Currency Exchange Loss:
Covered
Ended:
Oct 17, 2013