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4 De Mayo Group
In this Group: Elva, Romona, Alejandrina, Liza, Sonia, Maria, Maria, Leonida, Celedonia, Aisnalia, Viviana, Lucia, Maria, Estanilaa, Maria, Carmen, Sandra, Leonida, Dolly, Maria, Gladys*, Teresa*, Arminda*
* not pictured
The group "4 de Mayo" (May 4th) is on its first loan cycle for the committee of women program. The group is from the city of Curuguaty, a predominantly rural city that is quite far from the capital of the country, where the majority of them make a living doing agricultural work.

Ramona is one of the members. She works raising barnyard animals such as chickens, ducks, goats and others. She makes a living in this way in order to be able to help her family and her loved ones. She is asking for this loan in order to invest it in the purchase of different types of animal feed, so that she can continue raising her animals and fighting to be able to help her family through her work.
View original language description ↓
El grupo 4 de Mayo está en su ciclo número 1 del programa de comité de mujeres, son de la ciudad de Curuguaty, una ciudad bastante lejana de la capital del país, eminentemente rural, donde ellas en su mayoría se dedican a actividades agrícolas.
La Sra. Ramona es una de las integrantes, ella se dedica a la cría de animales de corral, como ser gallinas, patos, cabras y demás, y de esa forma se gana la vida para poder ayudar a su familia y sus seres queridos.
Pide este préstamo para poder invertirlo en comprar balanceados varios, para que de esa forma siga con la cría de sus animales, y también luchando para poder ayudar a su familia por medio de su trabajo.

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
  • 50
    View loans »
    Paraguay Loans Fundraising
  • $28,602,050
    Funds lent in using Kiva
  • 4,423.4
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of 4 De Mayo Group's $4,100 loan helped a member to buy animal feed so she can sell animals.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 30, 2014
Listed
Jun 12, 2014
Currency Exchange Loss:
Possible
Ended:
Dec 20, 2014