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Manduara Poty Group
In this Group: Joaquina, Rumilda, Liz, Elva, Maria, Maria, Sara, Cristeta, Gladys, Aurelia, Selva, Maria, Arcadia
The Manduara Poty communal bank was started with the initiative of Rumilda. Now they are on their third loan cycle, with 13 members. They are 40 km from Curuguaty, in a more remote area that is very difficult to access.

Rumilda, one of the members, says that she has a mini-food store. She works there starting early in the day, and this is how she makes her living. She says that everything she does is for her family. She works for them and she works harder every day. In the not-too-distant future, she wants her neighborhood to improve and be safer for children and families. She is asking for this loan to buy things for her store, like soft drinks, vegetables, fruits, bulk goods, and more, since those are the things that sell the most.
View original language description ↓
El comité Manduara Poty, se conformó con la iniciativa de la señora Rumilda; Actualmente se encuentran en el 3er ciclo, con 13 integrantes, queda a 40 km de Curuguaty , en una de las localidades mas remotas, es una zona de difícil acceso.
Rumilda, una de las integrantes, cuenta que tiene una mini despensa, ahí trabaja desde muy temprano, y de esa forma se gana la vida. Cuenta que todo lo que hace es por su familia, es por ellos que se esfuerza y día a día trata de esforzarse más. Quiere que en un futuro no muy lejano, su vecindario mejore, teniendo mayor seguridad para los niños y las familias.
Solicita de este crédito para pode invertirlo en la compra de insumos para su despensa, como ser bebidas, verduras, frutas. Productos a granel y demás, ya que son los que mas venta tiene.

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

  • $8,400
    Average annual income
  • 83
    View loans »
    Paraguay Loans Fundraising
  • $31,492,275
    Funds lent in using Kiva
  • 4,159.2
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Manduara Poty Group's $3,650 loan helped a member to buy soft drinks, vegetables, fruits, bulk goods, and more.
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:
Nov 17, 2013