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Fatima Group
In this Group: Margarita, Rita, Laura, Valeria, Odila, Celsa, Lourdes, Mariela, Esmelda, María, Elena, Dominica, Zulma, Arminda, Fermina, Mirian*
* not pictured
The Fatima group is in its first cycle of the women’s committee program. It is in the city of Curuguaty, an area a bit far from the central zone. It is still growing, and it is an area with difficult access. Therefore, the members of this groups want to struggle to keep growing and to give the area where they live a better atmosphere. They want it to continue to grow slowly.

Margarita is one of the members. She has a small business, a store where she sells all types of products. With the business she struggles to be able to continue giving her family everything that that she was not able to have so that they do not have to experience need.

Margarita is struggling to improve. That is why she is requesting this loan to be able to buy various supplies to stock her store. She will buy things like vegetables, fruit, canned goods, milk, baked goods, and various other products. She is grateful for this opportunity that she is receiving in order to improve her life.
View original language description ↓
El grupo Fatima está en su ciclo número 1 del programa de comité de mujeres, es de la ciudad de Curuguaty, una zona un poco alejada de la zona céntrica y aun se encuentra en crecimiento. Es una zona de difícil acceso, por lo que las integrantes de este grupo quieren luchar por ir creciendo y dar a la zona donde viven un mejor ambiente y que vayan creciendo lentamente.

La Sra. Margarita es una de las integrantes, ella tiene su pequeño negocio de Despensa, donde vende todo tipo de productos, y con lo cual lucha para poder seguir dando a su familia todo lo que no pudo tener, y que no tenga que pasar por necesidades.
Margarita está luchando por mejorar, y es por eso que pide este préstamo, para poder comprar insumos varios para poder surtir su despensa, como verduras, frutas, enlatados, leche, panificados y otros productos varios. Agradece por esta oportunidad que esta recibiendo de mejorar su 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
  • 86
    View loans »
    Paraguay Loans Fundraising
  • $31,419,450
    Funds lent in using Kiva
  • 4,354.3
    Paraguay Guarani (PYG) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A portion of Fatima Group's $2,900 loan helped a member to buy vegetables, fruit, canned goods, milk, baked goods, and various other products.
98% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Jun 26, 2014
Listed
Aug 3, 2014
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2015