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San Miguel Group
In this Group: Gladys, Lida, Cornelia, Norma, Valentina, Marcelina, Silvina, Sonia, Sandra, Fidelina, Saturnina, Emilse, María, Tomasa, Irmina*, Maricel*, Ninfa*
* not pictured
San Miguel Communal Bank was formed by several neighbors from the city of Santaní. They're in the fifth loan cycle of the women's committee program. It's a group of women who are very close and help each other. All the women earn a living in agriculture, specifically growing pineapple and bananas. They're women from rural areas that are extremely isolated from central areas that are still growing.

Sandra's requesting this loan to invest in harvesting pineapples and bananas, then packaging them for sale. She's a very hardworking and enterprising woman.
View original language description ↓
El comité San Miguel se formó con la unión de varias vecinas de la ciudad de Santaní. Están pasando al 5to ciclo del programa de comité de mujeres. Es un grupo de mujeres muy unidas y se ayudan mutuamente. Todas las Sras. Se dedican a la agricultura, específicamente en el cultivo de piña y banana. Son mujeres de zonas rurales, sumamente alejadas de las zonas céntricas que aún están en crecimiento.
Sandra solicita de este crédito para invertir en la cosecha de piñas y bananas y luego encajonar para la venta. Ella es una persona muy trabajadora y por sobre todo 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

  • $4,555
    Average annual income
  • 52
    View loans »
    Paraguay Loans Fundraising
  • $27,441,200
    Funds lent in using Kiva
  • 4,570.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of San Miguel Group's $3,750 loan helped a member to harvest pineapples and bananas and package them for sale.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 20, 2013
Listed
Dec 24, 2013
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2014