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Fortuna Group
In this Group: Imer, Abeliana, Marta, Victoriana, Ramona, Juana, Sara, Victoria, Rosalba, María, Zunilda, Diana*, Silveria*
* not pictured
The group called Fortuna is in its first loan cycle of the women's communal bank program. They are learning to work together and show a lot of enthusiasm in getting ahead in life. They are from the city of Curuguaty, an area that is quite far from the central area and is difficult to access: when it rains, they are cut off and cannot leave.

A noteworthy person is Juana, who via the sale of natural medicines is fighting to make her way in life and help her family. She is a very hardworking person who, with a lot of effort is fighting to grow as a person. She is grateful for this help that she is receiving which is an excellent opportunity. Juana is seeking this loan to buy natural medicines with which she can continue trying to help her family and trying to grow.
View original language description ↓
El grupo llamado Fortuna está en su primer ciclo del programa de comité de mujeres, ellas están aprendiendo a trabajar juntas, y tienen mucho entusiasmo por salir adelante. Ellas son de la ciudad de Curuguaty, una zona bastante alejada de la zona céntrica, con difícil acceso, cuando hay lluvias quedan cerradas y no pueden salir.
Una persona digna de destacar es la Sra. Juana, quien a través de la venta de remedios naturales está luchando por salir adelante, y ayuda a su familia. Ella es una persona muy trabajadora, que con mucho esfuerzo lucha por ir creciendo. Agradece por esta ayuda que está recibiendo, la cual es una gran oportunidad.
Solicita de este crédito para la compra de remedios naturales, con lo cual ella puede seguir intentando ayudar a su familia y procurar por ir creciendo.

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
  • 61
    View loans »
    Paraguay Loans Fundraising
  • $27,639,125
    Funds lent in using Kiva
  • 4,460.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Fortuna Group's $2,250 loan helped a member to buy natural medicines for sale.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 31, 2013
Listed
Jul 2, 2013
Currency Exchange Loss:
Covered
Ended:
Jan 17, 2014