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4000 Mbarete Group
In this Group: Sebastiana, Felipa, Maria, Higinia, Blanca, Rossana, Modesta, Dancin, Neusy, Ramona, Cinthia, Eudocia, Agueda, Ema, Dominga, Blanca, Antonina, Lourdes
The communal bank comprises neighbors from Colonia Mbarete. The women, who want to be successful, live in a rural, hard-to-access area outside the city of Santaní. The members raise and sell farm animals to help their families get ahead. Sebastiana, who is one of the members and president of the group, says that the women support each other and work hard each day to provide for their families. She has applied for a loan to buy nutritious animal feed to continue the work she has been doing.
View original language description ↓
El comité se formó con la unión de varias vecinas de la comunidad de Colonia Mbarete. Son mujeres con ganas de salir adelante. Son de una colonia lejana de la ciudad de Santaní, de difícil acceso, eminentemente rural. Todas las integrantes se dedican a la cría, venta o faena de animales de corral, con lo que ayudan a sus familias a ir mejorando.
Una de ellas es Sebastiana, quien es la presidenta, comenta que ellas se ayudan y se esfuerzan por poder dar cada una a su familia lo que necesitan. Solicita de este crédito para invertirlo en la compra de balanceados para sus animales y así seguir con su trabajo como lo viene haciendo.

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
  • 58
    View loans »
    Paraguay Loans Fundraising
  • $28,760,275
    Funds lent in using Kiva
  • 4,513.6
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of 4000 Mbarete Group's $3,125 loan helped a member to buy nutritious animal feed.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 26, 2013
Listed
Jul 30, 2013
Currency Exchange Loss:
Covered
Ended:
Feb 21, 2014