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Reina De La Paz Group
In this Group: Getrudis, Ciria, María, Irma, Andrea, María, Magda, Rumilda, Fatima, Nilda, María, Angelica, María, Carmen, María, Marta*
* not pictured
The “Reina de la Paz” committee was formed by various residents from the City of Mbutuy. They work together to help one another and they all put in the agreed upon amount toward repayment. Maria has a stall and sells all types of food.

She is from a distant community that is easy to get to and is growing. It’s mainly rural. She says that she is trying to get ahead and improver her family’s life.

She is asking for this loan so she can buy meat, vegetables, condiments, and other supplies to be able to make her foods and provide for her family.
View original language description ↓
El comité “Reina de la Paz” se formó con la unión de varias vecinas de la ciudad de Mbutuy. Trabajan en conjunto para ayudarse y cada una de ellas saca el monto de acuerdo a la necesidad de invertir y la capacidad de pago. La Sra. María tiene una casilla y vende todo tipo de comidas.
Ella es de una comunidad alejada, de difícil acceso, que aun está en crecimiento, más bien rural. Comenta que se está esforzando por salir adelante e ir mejorando su vida y la de su familia.
Solicita de este crédito para poder invertirlo en la compra de carne, verduras, condimentos, y demás insumos para poder seguir haciendo sus comestibles y dando a su familia lo que necesita.

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
  • 74
    View loans »
    Paraguay Loans Fundraising
  • $27,639,150
    Funds lent in using Kiva
  • 4,513.6
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Reina De La Paz Group's $4,275 loan helped a member to buy ingredients.
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