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San Vicente Group
In this Group: Fanny, Lucrecia, Nadia, Angelina, Idalina, Silvia, Ramona, Estanislaa, Leonarda, Isabel, Virginia, Nancy, Eulalia, Juana, Raquel, Felicita, Zunilda, Zunilda*, Celia*, Florencia*, María*
* not pictured
The communal bank "San Vicente" was put together by several neighbors of Santaní, a remote city with difficult access and poor safety conditions. The group is in its fourth cycle and the members all help each other to improve their lifestyles.

Felicita is a member of the group and sells a variety of clothing for a living. She says business is getting better and better because she always has orders from customers. She is a very hard worker who dreams about giving her family everything she was unable to have so they will not be lacking for anything.

She is requesting a loan to buy clothing such as capri pants, shirts, pants, bermudas and other items so she will have inventory and be able to offer a wide variety of goods to her customers. She is grateful for the help she and her friends are receiving.
View original language description ↓
El comité “San Vicente” se formó con la unión de varias vecinas de la ciudad de Santaní, una ciudad bastante alejada y a la cual las personas tienen difícil acceso, y si se puede decir poca seguridad. Están en el Cuarto siglo, trabajan en conjunto para ayudarse y cada una de ellas quiere ir mejorando su vida.
Felicita es integrante de este grupo, quien se dedica a la venta de prendas variadas, y cuenta que está yéndole cada vez mejor ya que sus clientes siempre le hacen pedidos. Ella es una persona muy trabajadora que sueña con poder dar a su familia todo lo que ella no pudo tener, y así evitar que tengan que pasar por necesidades.
Felicita solicita de este crédito para poder invertirlo en la compra de prendas variadas, como ser remeras, camisas, pantalones, bermudas y demás, para poder surtirse y seguir ofreciendo una buena variedad a sus clientes. Agradece también por la ayuda que ellas y sus amigas están recibiendo.

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
  • 50
    View loans »
    Paraguay Loans Fundraising
  • $29,537,050
    Funds lent in using Kiva
  • 4,465.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of San Vicente Group's $6,475 loan helped a member to buy a variety of clothing such as capri pants, shirts, pants, bermudas, etc.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Sep 18, 2013
Listed
Oct 21, 2013
Currency Exchange Loss:
Possible
Ended:
May 22, 2014