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San Miguel Group
In this Group: Eusebia, Luisa, Leidy, Blasia, Maria, Mariana, Sebastiana, Felicita, Antonela, Lina, Mirna, Librada, Zoila, Rumilda*
* not pictured
The committee "San Miguel" was formed when various neighbors in the city of Santaní got together. The members are part of a very close-knit group who often complete activities together that strengthen their teamwork.

Ms. Mariana, one of the members, raises chicken. She would like to use the loan for which she is applying to invest in chicken feed in order to continue to feed her animals.

She defines herself as a hard-working and entrepreneurial person, who fights to improve her life and economic conditions, since she lives in a very isolated rural zone with little access to modes of communication.
View original language description ↓
El comité “San Miguel” se formó con la unión de varias vecinas de la ciudad de Santaní. Las integrantes formaron un grupo muy unido y capaz de realizar conjuntamente actividades que fortalecen su compañerismo. La señora Mariana, una de ellas se dedica a la cría de gallinas, con el crédito que solicita lo quiere invertir en la compra de balanceados para poder seguir alimentando a sus animales.
Ella se define a sí misma como una persona muy trabajadora y emprendedora, que lucha por mejorar su vida y sus condiciones económicas, ya que ella vive en una zona rural muy alejada y con escaso acceso a medios de comunicación.

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
  • 51
    View loans »
    Paraguay Loans Fundraising
  • $28,602,050
    Funds lent in using Kiva
  • 4,414.4
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of San Miguel Group's $2,975 loan helped a member to buy chicken feed.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 21, 2013
Listed
Jun 19, 2013
Currency Exchange Loss:
Covered
Ended:
Jan 17, 2014