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Virgen Del Perpetuo Socorro Group
In this Group: Ernesta , Marcia , Eulogia, Liz Margarita , Ma. José , Ma. Justina , Carmen, Natalia, Virginia , Ma. Clara , Mirian , Perla, Norma , Ma. Margarita, Ma. Del Rosario
The Virgen del Perpetuo Socorro Communal Bank was formed on the 18th of November, 2009. It is comprised of 15 women who are working with the Women Entrepreneurs Committee, and they are in their first cycle.
This group was formed thanks to the current Director of Finances, Marcia G.. She was able to get all of her neighbors and friends together.

The loan is for their different activities like selling notions, selling food, selling cosmetics, buying merchandise for the grocery store (rice, sugar, noodles, dairy products, pastries, and dried leaves for tea, etc.), selling meat, selling drinks, selling remedies, selling fruit, raising chickens, raising goats, hair styling, making clothing, and buying massage supplies, etc.

All of them are very happy working this way in such a united and supportive manner with the Paraguaya Foundation.
View original language description ↓
Comité Virgen del Perpetuo Socorro, así se denomina el grupo conformado en fecha 18 de noviembre del 2.009, integrado por 15 mujeres quienes se encuentran trabajando con el Programa de Comité de Mujeres Emprendoras, en el 1º ciclo.



Este grupo se formó gracias a que la actual Directora de Finanzas la Sra. Marcia G. logró juntas a todas sus vecinas y amigas.



El crédito va destinado para diferentes actividades tales como: venta de mercerías, venta de comestibles, venta de cosméticos, compra de mercaderías para la despensa (arroz, azúcar, fideos, lácteos, panificados, yerba, etc.), venta de carne, venta de bebidas, venta de remedios ,venta de frutas, cría de pollitos, cría de cabras, peluquería, confección de prendas de vestir, compra de elementos para masajes, etc.



Todas ellas están muy contentas trabajando en forma muy conjunta y solidaria con la Fundación Paraguaya.

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
  • 50
    View loans »
    Paraguay Loans Fundraising
  • $29,502,975
    Funds lent in using Kiva
  • 4,792.5
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Virgen Del Perpetuo Socorro Group's $950 loan helped a member buy merchandise, raw materials, and animals for their businesses.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 28, 2009
Listed
Dec 28, 2009
Currency Exchange Loss:
Covered
Ended:
Mar 15, 2010