Check out some available loans that are similar to this one!
Santa Lucia Group
In this Group: Ramona, Mercedes, Josefina, Valentina, Librada, Andrea, Elida, Natividad, Carolina, Delis, Ramona, Benita, Susana, Rosana, Teresa, Norma*
* not pictured
The “Santa Lucia” communal bank was created when several neighbors from the city of Santaní formed a group. Santaní is a neighborhood located some distance from the center of town, an area without much communications infrastructure. The group members also want to work together to help their city and their neighborhood.

Rosana sells pork organ meats. She goes out with a motorcycle cart to sell in the community and this is how she makes her living. She is very proud of the work she does because it is dignified, and above all, honest. Rosana explains that, along with her group, she wants to help her community and keep growing and improving.

She is requesting this loan in order to buy organ meats, which will help her to continue with and improve her sales, and thereby her family’s quality of life.
View original language description ↓
El comité “Santa Lucia” se formó con la unión de varias vecinas de la ciudad de Santaní, el cual es una zona un poco alejada de la zona céntrica, donde se encuentran sin muchos medio de comunicación. Ellas también quieren trabajar juntas para poder ayudar a su ciudad y barrio.
La Sra. Rosana se dedica a la venta de menudencia sale en una moto carro a vender por la comunidad y de esa forma se gana la vida. Ella está muy orgullosa con el trabajo que hace, ya que es digno y por sobre todo honesto. Rosana, cuenta que con su grupo también quieren ayudar a su comunidad a ir creciendo y mejorando.
Solicita de este crédito para poder invertirlo en la compra de menudencias, lo que la ayudará a seguir con sus ventas y mejorando así la calidad de vida de su familia.

Additional Information

More information about this loan

This loan is designed for poor clients living in rural areas with high levels of crime and social conflict. These clients, working primarily in agriculture, are often ineligible for credit from formal financial institutions because of the high-crime area they live in, their lack of adequate collateral (like a land title), and the likelihood of low agricultural production due to bad weather or pests. Fundación Paraguaya is committed to serving these clients with loans and other wraparound services tailored to their needs. It also provides clients working in agriculture with access to discounted training courses at a local agricultural school to teach them how to improve their crop yields.

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
  • 29
    View loans »
    Paraguay Loans Fundraising
  • $28,082,175
    Funds lent in using Kiva
  • 4,167.1
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Santa Lucia Group's $2,950 loan helped a member to buy pork organ meats for resale.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 21, 2013
Listed
Apr 21, 2013
Currency Exchange Loss:
Covered
Ended:
Oct 17, 2013