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Virgen De Fátima Group
In this Group: María , Rita, Felipa, Gladys , Rosalina, Cristina, Ceferina , Marta, Luisa , Claudelina, Cinthia, Gabriela, Margarita, Teresa, Ester, Limpia, Elvira , María
The Virgen de Fátima Communal Bank is an excellent bank that was formed on the 19th of January, 2009, in the city of Capiatá.

This group was formed thanks to Galdys P., current Director of Finance, who was previously a member of a communal bank. She was able to get together 18 members. Her neighbors and friends are among the members. They are working in the fourth cycle with the Committee for Enterprising Women Program.

The members of this group will use the loan for their different activities such as buying fruits and vegetables, buying ingredients to make food, buying notions, buying merchandise for the grocery store (sugar, rice, dried leaves for tea, pastries, dairy products, and meat, etc), selling home-grown chickens, selling ice cream, making crochet, buying fabrics to make clothes, buying articles for the bookstore, and buying fish, etc.

This is a very active group. All of the members demonstrate camaraderie and solidarity. They attend weekly meetings, and they carry out activities to collect funds for the common good of the group.

It is one of the best groups to be found working with the Paraguaya Foundation because most of the group members are continuing activities from the first loan. This way they demonstrate camaraderie and solidarity.
View original language description ↓
El Comité Virgen de Fátima, es un excelente comité conformado en fecha 19 de enero del 2.009, en la Ciudad de Capiatá.

Este grupo se formó gracias a que la Sra. Gladys P., actual Directora de Finanzas, quien anteriormente ya integraba un comité, logró juntar a 18 integrantes, entre ellas vecinas y amigas, quienes se encuentran trabajando ya en el 4º ciclo del Programa del Comité de Mujeres Emprendedoras.

Las integrantes de este grupo destinan su crédito a diferentes actividades tales como: compra de frutas y verduras, compra ingredientes para la preparación de alimentos, compra de mercerías, compra de mercaderías para la despensa (azúcar, arroz, yerba, panificados, lácteos, carnes, etc.), venta de gallinas caseras, venta de helados, elaboración de croché, compra de tela para la fabricación de ropas, compra de artículos de librería, compra de pescados, etc.

Es un grupo muy activo, todas las integrantes demuestran compañerismo y solidaridad, asisten a las reuniones semanales y realizan actividades para recaudar fondos para el bien común del grupo.

Es uno de los mejores grupos que se encuentra trabajando con la Fundación Paraguaya, ya que la mayoría de las integrantes del grupo siguen activas desde el primer préstamo y con eso demuestran solidaridad y compañerismo.

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

  • $8,400
    Average annual income
  • 99
    View loans »
    Paraguay Loans Fundraising
  • $32,360,775
    Funds lent in using Kiva
  • 4,792.5
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Virgen De Fátima Group's $3,125 loan helped a member buy merchandise, raw materials, and animals for their businesses.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Nov 28, 2009
Dec 28, 2009
Currency Exchange Loss:
Apr 15, 2010