A loan of $3,100 helped a member to buy bananas, apples, oranges, pineapples, peppers, onions, tomatoes, melons, grapefruits, etc.

San Miguel Group's story

San Miguel Group was formed on March 5, 2010, thanks to its current Finance Director, Mrs Celia F., who was already a member of another group. When that group broke up, she invited her friends and neighbors to create a new group, getting together 16 women who are very comfortable working together. They are now in their fourth loan cycle.

The average loan per member amounts to 868,750 guaraníes and will be used to finance different activities, such as selling vegetables and fruits, chipas (a typical dish in Paraguay; it is a bread product made from corn flour and starch and baked in an oven heated by firewood), etc.

The group members participate actively in their weekly meetings and are grateful to the microfinance institution Fundación Paraguaya. They are all busy with income generating activities and help each other to reach their common goals.

In this group: Nidia, Celia, Élida, Lucía, Elsa, Alejandra, Nilsa, Adolfina, Francisca, Sandra, Evangelista, Felipa, Blanca, Nimia, Carolina, Andrea

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Translated from Spanish by Kiva volunteer Robert Mouris

Loan details

Lenders and lending teams

Loan details