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San Lorenzo Group
In this Group: Maria, Julia, Evangelista, Alba, Alejandrina, Juana, Maria, Gloria, Ysabel, Fatima, Lilian, Alba, Aparicia, Ernista*, Viviana*
* not pictured
This committee is located in San Lorenzo. They are in their second loan cycle. They have fifteen members and they are from a city far from the capital. They want to improve their living conditions as well as their community, and to have better security for their families.

One of the members is Maria, who is a dressmaker in the neighborhood. She is requesting this loan to invest in buying spare parts for her sewing machine since this is her primary instrument for work. She is very active and enterprising. She works from home and has customers all over; she is well-known in the community.
View original language description ↓
El comité se denomina San Lorenzo, está en el 2do. ciclo con quince integrantes, ellas son de una ciudad muy alejada de la capital, donde todas quieren poder mejorar sus condiciones de vida, y también su comunidad, y que haya una mayor seguridad para sus familias.
Una de las integrantes la señora Maria, quien es modista del barrio, el préstamo que pide lo quiere invertir en la compra de repuestos para su máquina ya que es su principal instrumento de trabajo. Ella es muy activa y emprendedora trabaja desde su propia casa, tiene varios clientes de todos lados es muy reconocida en la Comunidad.

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
  • 77
    View loans »
    Paraguay Loans Fundraising
  • $29,572,900
    Funds lent in using Kiva
  • 4,618.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of San Lorenzo Group's $2,675 loan helped a member to buy spare parts for her sewing machine.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Dec 19, 2013
Listed
Feb 24, 2014
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2014