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Madre Central Group
In this Group: Magdalena, Lidia, Nicolasa, Arminda, Maria, Lidia, Gloria, Carmen, Mirian, Lourdes, Mirna, Cerafina*, Estela*
* not pictured
The communal bank Madre Central has reached its 4th cycle, all the women work in animal husbandry raising animals like chickens and pigs as well as selling eggs and cheeses.

Mondays to Fridays they go to the market to sell their products opposite the fundacion paraguaya office. They are from an area far from the city, and do not have much access to communications, but this is why they work hard to be able to provide for their families and their community.

Lidia is a member who raises and sells animals, she is asking for this loan to buy small pigs so she can raise them and also feed for her other animals. She is grateful for the opportunity she is receiving from Kiva and the foundation.
View original language description ↓
El comité Madre Central pasa al cuarto ciclo, todas las señoras se dedican a la cría de animales pequeños como gallinas y cerdos también venden huevos y quesos. Los días lunes y viernes realizan feria de sus productos frente a la oficina de la fundación paraguaya. Ellas son de una zona muy lejana de la ciudad, no tienen mucho acceso a la comunicación, pero es por eso que se esfuerzan, para poder ayudar a sus familias y su comunidad.
Lidia, es una de las que se dedica a la cría y venta de animales, solicita de este crédito para la compra de cerdos pequeños para la cría, y también de balanceados para sus demás animales. Ella agradece por la oportunidad que están recibiendo de Kiva y fundacion.

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
  • 50
    View loans »
    Paraguay Loans Fundraising
  • $28,602,050
    Funds lent in using Kiva
  • 4,159.2
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Madre Central Group's $3,100 loan helped a member to buy small pigs to raise them and buy feed.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 25, 2013
Listed
Apr 26, 2013
Currency Exchange Loss:
Covered
Ended:
Oct 17, 2013