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San Isidro Group
In this Group: Silvina, Sebastiana, Miguelina, Zulma, Dionicia, Cecilia, Gladys, Sonia, Lidia, Liliana, Milda, Mirtha, Nilsa, Lourdes, Laura, Pelagia*, Ana*, Celestina*
* not pictured
The communal bank "San Isidro" is going into its sixth loan cycle in excellent shape. The group demonstrates much interest in the program, showing solidarity and union. The members are from an area that is quite far from the city of Curuguaty and all of them are involved in rural activities in order to help their families. They also want their community to grow through their efforts.

Milda raises and sells animals to earn a living. She says the work is very demanding because she must look out for the animals 24 hours a day. She is requesting a loan to buy balanced animal feed so she can continue to raise and sell them.

All the members are grateful for the opportunity they are receiving.
View original language description ↓
El comité San Isidro pasa al sexto ciclo en forma excelente, el grupo demuestra mucho interés en el programa, demostrando solidaridad y unión. Son de una zona bastante alejada de la ciudad de Curuguaty, todas ellas se dedican a actividades rurales, con lo que pretenden ayudar a sus familias. Quieren también que su comunidad vaya creciendo por medio del esfuerzo que ellas puedan hacer.
Milda cría y vende animales como una forma de subsistir, comenta que su trabajo es muy sacrificado ya que tiene que estar pendiente de sus animales las 24 horas del día. Pide de este préstamo para la compra de balanceados para sus animales, ya que así podrá seguir con el engorde de estos y venderlos. Agradecen todas las miembros por esta oportunidad que 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.

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About Paraguay

  • $4,555
    Average annual income
  • 41
    View loans »
    Paraguay Loans Fundraising
  • $29,537,050
    Funds lent in using Kiva
  • 4,434.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of San Isidro Group's $5,950 loan helped a member to buy balanced animal feed.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 8, 2013
Listed
Nov 4, 2013
Currency Exchange Loss:
Possible
Ended:
May 22, 2014