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Santa Librada Group
In this Group: Cirila, Nancy, Alicia, Sandra, Maribel, Cesarina, María, Cecilia, Francisca, Andresa, Angela, Mirna, Zulma, Sonia, Nilda, Jorgelina
The Santa Librada communal bank was started with the initiative of Cirila. Currently, they are on their fourth loan cycle with 16 members. They are 35 km from Curuguaty. Cirila, who is also the chairwoman of the group, says that she always tries to motivate her friends to strive and work, not only for their families, but for the community, since they are in a very remote area. Cirila works raising and selling farm animals, like goats, cows, hens, and more. She says that this is difficult, full-time work, because she always has to look after her animals. She is asking for this loan to buy feed for her animals and also to buy small animals to raise.
View original language description ↓
El comité Santa Librada, se conformó con la iniciativa de la señora Cirila; Actualmente se encuentran en el cuarto ciclo, con 16 integrantes, a 35 km de Curuguaty.
Cirila, quien es también la presidenta, cuenta que siempre trata de motivar a sus amigas a luchar y trabajar, no solo por sus familias sino también por la comunidad, ya que están en una zona muy lejana. Cirila se dedica a la cría y venta de animales de granja, como ser cabras, vacas, gallinas y demás, además de eso cuenta que es un trabajo muy difícil y de tiempo completo ya que debe de estar siempre pendiente de sus animales.
Solicita de este crédito para poder invertirlo en la compra de balanceados para sus animales y también para la compra de animales pequeños para la cría.

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
  • 66
    View loans »
    Paraguay Loans Fundraising
  • $29,036,000
    Funds lent in using Kiva
  • 4,159.2
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Santa Librada Group's $4,950 loan helped a member to buy feed and small animals to raise.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 25, 2013
Listed
May 16, 2013
Currency Exchange Loss:
Covered
Ended:
Oct 17, 2013