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2 De Mayo Group
In this Group: Gloria, Agustina, Angela, Maxima, Amada, Graciela*, Agustina, Maria, Eufrosina, Gisell, Elva, Josefina, Gessica, Zunilda, Deisy
* not pictured
The “2 de mayo” committee is from the city of Santani and is in its seventh cycle where each of the ladies is putting forth her best effort to help her family. They are all from a growing rural area.
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Eufrosina is a member of this group and sells clothing. She helps her family through this work. Her dream is for her community to continue improving so that the people will be safer and have better access to education. She is asking for this loan so she can buy various types of clothing to sell. In this way she can continue growing and improving as she has been doing. They are all grateful for the opportunity to improve their lives.
View original language description ↓
El comité 2 de mayo es de la ciudad de Santaní, están en el séptimo ciclo, donde cada una de ellas está poniendo su mejor esfuerzo para poder ayudar a su familia. Ellas son de la zona aun en crecimiento, eminentemente rural.
La señora Eufrosina es integrante de este grupo, ella trabaja en ventas de ropas, y es por medio de su trabajo que quiere poder ayudar a su familia. Su sueño es que su comunidad vaya creciendo y mejorando, donde las personas puedan tener más acceso a la seguridad y también a la educación.
Ella pide este préstamo para poder invertirlo en la compra de prendas variadas para la venta, y de esa forma poder seguir creciendo y mejorando como lo viene haciendo. Todas agradecen por la oportunidad que están recibiendo de mejorar sus condiciones de vida.

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

  • $8,400
    Average annual income
  • 94
    View loans »
    Paraguay Loans Fundraising
  • $30,930,425
    Funds lent in using Kiva
  • 4,435.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of 2 De Mayo Group's $2,875 loan helped a member to buy clothing.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 14, 2014
Listed
Apr 25, 2014
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2014