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San Miguel Group
In this Group: Clara, Florentina, Wilma, Sonia, Maria, Rumilda, Flora, Antonia, Adelina, Carmelina, Celina, Miria, Cresencia, Francisca, Sonia, Rosalina, Maria, Estela, Braulia*, Mirtha*
* not pictured
The group San Miguel is in its first cycle of the committee program, in a city called Curuguaty, a predominantly rural area where everyone works in agriculture or other rural activities. The group members are all women with a fighting spirit.

Mrs. Wilma is one of the members of this group, she is a self-sacrificing, fighting woman, who stands out for the enthusiasm that she always displays. She wants to improve her life and help her loved ones. She works raising, selling and slaughtering of barnyard animals, like chickens, ducks, pigs and others.

She asks for this loan to buy animal feed, that way she can continue raising her animals, which will allow her to continue working and fighting like she has been doing. She is grateful for the opportunities given to her and her group members.

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View original language description ↓
El grupo San Miguel está en su ciclo número 1 del programa de comités, es de una ciudad llamada Curuguaty, una zona eminentemente rural, donde todas trabajan en actividades de campo o rural. Todas son mujeres muy luchadoras.
La Sra. Wilma es una de las integrantes de este grupo, es una mujer muy sacrificada y luchadora, que se destaca por el gran entusiasmo que siempre tiene, ya que quiere poder mejorar su vida y ayudar a sus seres queridos. Ella se dedica a la cría, venta o faena de animales de corral, como ser gallinas, patos, cerdos, y demás.
Ella pide este préstamo para poder invertirlo en la compra de balanceados, para que de esa forma pueda seguir con la cría de sus animales, que le permitirá seguir trabajando y luchando como lo viene haciendo. Agradece por la oportunidad que todas 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
  • 51
    View loans »
    Paraguay Loans Fundraising
  • $28,281,075
    Funds lent in using Kiva
  • 4,395.9
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of San Miguel Group's $3,675 loan helped a member to buy animal feed.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 15, 2014
Listed
May 26, 2014
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2014