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Kuña Joaju Group
In this Group: Isabelina, Isabel, Elva, Eulalia, Dominga, Artemia, Aurelia, Bartola, Maria, Ana, Elisa, Genara, Nelva
The communal bank Kuña Joaju is in its first loan cycle, and the members are working together and promoting teamwork. The members live in an outlying, rural area called Villa Ygatimi, a modest zone with little access to basic services. This is why Fundación Paraguaya is supporting the women with this opportunity.

Isabelina, one of the members, owns cropland and also wants to plant other crops. She has applied for a loan to invest in her land so that she can grow vegetables for her family's use and to sell. She is hardworking and enterprising.
View original language description ↓
El grupo llamado kuña joaju está en el ciclo uno, trabajando juntas y tratando de fomentar el trabajo en equipo. Ellas son de una zona bastante alejada y rural llamada Villa Ygatimi, una zona muy humilde y con poco acceso a ciertos servicios básicos, por lo que la fundación paraguaya apuesta en ellas dándoles esta oportunidad.
Una de las integrantes es la Sra. Isabelina, quien tiene plantaciones en su campo, también quiere poder empezar en la vena de comestibles, es por eso que solicita de este crédito para poder invertirlo en su campo para poder producir hortalizas para su hogar como también para su venta. Es una mujer muy trabajadora y emprendedora.

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
  • 73
    View loans »
    Paraguay Loans Fundraising
  • $30,786,450
    Funds lent in using Kiva
  • 4,454.9
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Kuña Joaju Group's $2,275 loan helped a member to invest in her vegetables fields.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 29, 2013
Listed
Aug 29, 2013
Currency Exchange Loss:
Covered
Ended:
Mar 17, 2014