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Victoria Group
In this Group: Esperanza, Ramona, Gladis, Pelagia, Monica, Cristina, Librada, Maria, Wilfrida, Ramona, Mirian, Ciria, Lucia, Ilda, Liza, Candida
The Victoria Women’s Committee was formed on the 7th of January 2009, thanks to Sra.Esperanza T., who contacted the counselor at a local weekly meeting to find out how the Women’s Entrepreneurship program worked. She gathered 17 hard working and humble women together, who are now on their 4th loan cycle.

The average credit drawn by each member is 658,000 Gs., which is used for different activities such as selling fruits and vegetables, selling items for the pantry (rice, sugar, grass, dairy, bakery, meat, etc.), food, cosmetics, clothing sale, sale of library, selling lingerie, etc..
All committee members attend weekly meetings and work together to achieve all their common objectives.

Additional Information

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.

About Paraguay

  • $4,555
    Average annual income
  • 57
    View loans »
    Paraguay Loans Fundraising
  • $27,485,425
    Funds lent in using Kiva
  • 4,860.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Victoria Group's $2,325 loan helped a member purchase merchandise.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 28, 2009
Listed
Nov 22, 2009
Currency Exchange Loss:
Covered
Ended:
Mar 15, 2010