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Las Mercedes Group
In this Group: Pablina, Alicia, Reinalda, Tomasa, Gregoria, Juana, Epifanía, Griselda, Marisa, Concepción, Salvadora, Regina, Emilce, Dora
The Las Mercedes group is in it's first cycle of the women's group program, it is in the city of Curuguaty, which is an area a little far from the central zone and is still experiencing growth. It is an area that is difficult to access, so the members of the group want to struggle to grow and give the area where they live a better atmosphere and they will keep growing slowly.

Alicia is one of the members, she has a small store business where she works, and hopes that as time passes, through the help of everyone in her area their environment may improve and thus provide greater security for their families, also to ensure a better future for them.

She is requesting a loan to buy various products for her store, to stock it and thus be able to continue with her work.
View original language description ↓
El grupo Las Mercedes está en su ciclo número 1 del programa de comité de mujeres, es de la ciudad de Curuguaty, la cual es 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. Alicia es una de las integrantes, ella tiene su pequeño negocio de Despensa, donde trabaja, y desea que conforme pase el tiempo, y por medio de la ayuda de todas las personas de su zona puedan ir mejorando su entorno y así ofrecer una mayor seguridad a sus familias, también poder procurar para ellos un mejor futuro.
Solicita de este préstamo para la compra de productos varios para su despensa, para surtirlo y que de esa forma pueda seguir con 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.

Tags

About Paraguay

  • $4,555
    Average annual income
  • 75
    View loans »
    Paraguay Loans Fundraising
  • $30,204,950
    Funds lent in using Kiva
  • 4,357.3
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Las Mercedes Group's $2,550 loan helped a member to buy various supplies for her store.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 27, 2014
Listed
Aug 4, 2014
Currency Exchange Loss:
Possible
Ended:
Feb 20, 2015