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Santa Teresa Group
In this Group: Elida, Graciela, Juana*, Rosa, Petrona, Maria Elena, Maria Angela, Guillermina, Norma, Aida, Norma, Mirian, Juana, Sara, Zulma, Margarita, Josefa
* not pictured
View original language description ↓
The Santa Teresa committee is a group of very dynamic women who operate different businesses, as often in micro-industrial sectors as sales and services. All the members of the committee operate their businesses with help from credit extended by Fundacion Paraguaya. The members of the committee are tightly organized and their sisterly relations allow them to take joint responsibility for the loans borrowed by the committee. All of the members are working mothers, a fact that binds them further. You can see all of the members of the committee in the attached photo. All the members have their own separate businesses. Even though some have formal jobs, they all operate their businesses in time they have in order to increase their incomes.

Translated from Spanish by Jere Wiseman, Kiva Volunteer


El Comitè “Santa Teresa” se encuentraconformado por un grupo de mujeres muy activas que desarrollan diferentes actividades, tanto en el sector micro industrial como en las ventas y servicios. Todas las integrantes del comité desarrollan sus actividades con la ayuda del crédito otorgado por la Fundacion Paraguaya. Las integrantes del comité mantienen una exelente organización y una relacion fraternal lo que les permite asumir solidariamente la responsabilidad por el prestamo otorgado al comite .Todas las integrantes del comité son madres y trabajadoras, por lo que las une ambas cosas. En la fotografia tomada, se encuentran todas las integrantes del comite. Todas las integrantes tienen sus actividades propias, aunque algunas tienen trabajos formales, desarrollan sus emprendimientos en un tiempo extra para acrecentar sus ingresos.

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
  • 77
    View loans »
    Paraguay Loans Fundraising
  • $29,572,900
    Funds lent in using Kiva
  • 3,980.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Santa Teresa Group's $2,950 loan helped a member the loans that the committee has received from Fundacion Paraguaya have been used to buy various goods, the majority of which are products for resale or for making products for resale. Among the goods that have been purchased with the loans are meats, sugar, rice, vegetables, dairy products and cheeses, bought mainly to be sold by those committee members who operate groceries, corner shops, etc. Artisans and those who operate small workshops buy basic goods such as leather, cloth, threads, chemical products, dyes, etc.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Sep 16, 2008
Listed
Sep 1, 2008
Currency Exchange Loss:
Covered
Ended:
Feb 25, 2009