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San Rafael Alegria Group
In this Group: Maria, Julia, Basilia, Alicia, Ofelia, Justina, Optaciana, Miryan, Perla, Sinforiana, Santa, Lourdes, Francisca*, Vidalia*
* not pictured
The communal bank "San Rafael Alegria" has fourteen members. It is a new group that was formed by some neighbors from an outlying area of Concepción. The people there have little access to education and it is not very safe. The members of the group want their city to keep growing and improving.
Sra. Maria is one of the members of the communal bank. She is from a small neighborhood in a Concepción district. It is there that she has her small business selling fruits and vegetables in the municipal market. She hopes that, with time and everyone's help, all the people from her area can improve their surroundings and thereby offer improved security to their families and assure them of a better future.
Sra. Maria is requesting the loan in order to purchase fruits and vegetables. With them she will be able to keep on with her sales and continue helping her family.
View original language description ↓
El comité San Rafael Alegria tiene 14 miembros, es un grupo nuevo que se formo con la unión de vecinas de la ciudad de Concepción, la cual es una zona muy alejada, con escaso acceso a medios de educación y de seguridad. Las integrantes del grupo desean que su ciudad vaya creciendo y mejorando cada vez mas.
La Sra. Maria es una de las integrantes, ella es de una colonia pequeña en distrito de la ciudad de Concepción, donde tiene su pequeño negocio de Venta de frutas y verdura en el mercado municipal y Desea que conforme pase el tiempo, y por medio de la ayuda de todas las personas de su zona puedan ir mejorando su entorno y así ofrecer una mayor seguridad a sus familias, también poder procurar para ellos un mejor futuro.
Solicita de este crédito para la compra de frutas y de verduras, ya que con ello podrá seguir con sus ventas y seguir ayudando a su familia.

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
  • 134
    View loans »
    Paraguay Loans Fundraising
  • $31,646,450
    Funds lent in using Kiva
  • 4,529.4
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of San Rafael Alegria Group's $2,075 loan helped a member to purchase fruits and vegetables for re-sale.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 13, 2013
Listed
Jul 14, 2013
Currency Exchange Loss:
Covered
Ended:
Jan 17, 2014