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Mbaapora Group
In this Group: Graciela, Irene, Gladys, Jorgelina, María, Mirta, Clara, Ninfa, Mariela, María, Adela, Luz, Lilian, Carolina, Lidia*
* not pictured
The communal bank "Mbaapora" is in its fourth loan cycle through the women's program in the city of Curuguaty. It is a remote area, far from the center area and in a phase of expansion so the members of the group want to work toward growth and a better environment.

Irene is one of the members of the group, and she earns a living for her family with a small clothing business. Her aim for the future, with the help of everyone in the area, is to improve the environment so families here will have more safety and a better future.

She is requesting a loan to buy clothing so she can increase her work and continue offering her customers everything they order. She wants to continue growing her business.
View original language description ↓
El grupo Mbaapora está en el cuarto ciclo del programa de comité de mujeres, es de la ciudad de Curuguaty, la cual es muy alejada de la zona céntrica y se encuentra en crecimiento, por lo que las integrantes de este grupo quieren luchar por ir creciendo y dar a la zona donde viven un mejor ambiente y que vayan creciendo lentamente.
La Sra. Irene es una de las integrantes, quien tiene su pequeño negocio de ventas de ropas, y con lo cual está luchando por dar a su familia todo lo que desean. Ella quiere que conforme pase el tiempo, y por medio de la ayuda de todas las personas de su zona puedan ir mejorando su entorno y así ofrecer una mayor seguridad a sus familias, también poder procurar para ellos un mejor futuro.
Irene solicito de este crédito para la compra de ropas para ampliar su trabajo y de esa forma poder seguir ofreciendo a sus clientes todo lo que le piden y también poder seguir creciendo con su negocio

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
  • 51
    View loans »
    Paraguay Loans Fundraising
  • $28,564,525
    Funds lent in using Kiva
  • 4,465.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Mbaapora Group's $2,400 loan helped a member to buy clothing to sell.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Sep 20, 2013
Listed
Oct 21, 2013
Currency Exchange Loss:
Possible
Ended:
May 22, 2014