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Loma Poty Group
In this Group: Norma, Irma, Rosa, Ramona, Maria, Catalina, Yrene, Ramona, Cena, Rufina, Eduarda, Luz, Clavel*
* not pictured
The "Loma Poty" bank group is in its 1st lending cycle. All of the members participate in their own distinct type of commercial activity. They want their businesses to grow, and to be able to always count on the support of the group program so that through their trainings they will improve their businesses.

Norma is a teacher. She lives in her own home with her husband and children. She is the president of the group and she tries to keep her members motivated so that they will always be united and will achieve each of their goals with mutual assistance and solidarity. She is seeking this loan to buy basic necessities like herbs, rice, sugar, oil and more, and to learn how to sell various products in her community. This way she will generate an additional source of income for her household.
View original language description ↓
El grupo Loma Poty, se encuentra en el 1º ciclo, todas cuentan con su actividad comercial en distintos rubros, desean ir creciendo y contar siempre con el apoyo del programa de comité, para que por medio de las capacitaciones vayan mejorando.
La Sra. Norma es Docente, vive en casa propia con su marido e hijos, es la presidenta del grupo, y ella trata de mantener motivado a sus integrantes para que siempre estén unidas y poder lograr alcanzar el objetivo de cada una con ayuda mutua y solidaridad.
La Sra. Solicita este crédito para la compra de insumos de primera necesidad, como ser yerba, arroz, azúcar, aceite y demás, y emprender la venta de productos varios en su comunidad, de esta manera generar una fuente de ingreso mas para su hogar.-

Additional Information

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
  • 27
    View loans »
    Paraguay Loans Fundraising
  • $28,082,175
    Funds lent in using Kiva
  • 4,454.3
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Loma Poty Group's $2,250 loan helped a member to buy herbs, rice, sugar, oil and more to start a new business.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 28, 2013
Listed
Jul 30, 2013
Currency Exchange Loss:
Covered
Ended:
Feb 21, 2014