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Virgen De Fátima Group
In this Group: Edy , Margarita, Selva, Elvira, Carmen, Norma, Maria, Catalina, Juliana, Deisy, Petronilda, Lilian, Benigna, Maria, Julia*, Laureana*
* not pictured
This committee is working towards their second cycle, and they have received their second loan from the Fundación Paraguaya. Some members will use the loan money to invest and improve their businesses and others will be starting new ventures.

The group is notable for the responsibility of the women, their punctual payments, and their attendance at trainings, among other things.

One of the members, Mrs. Margarita R. works selling food. She sells her products by going to heavily trafficked areas to sell her meals. Her children help her with all of her business activities.

She will use the loan money to purchase ingredients to make her meals like meat, oil, and flour because these are the principal ingredients for empanadas, milanesas (breaded meat), and other dishes that are popular with her clients.
View original language description ↓
El presente comité se encuentra trabajando dentro del segundo ciclo, y han retirado su segundo crédito de la Fundación Paraguaya, algunas para invertir y mejorar su negocio y otras para comenzar con alguna actividad.
Sobre el grupo se puede rescatar la responsabilidad que tienen las señoras con el grupo y el cumplimiento de las obligaciones como el pago de las cuotas, asistencia a las capacitaciones y otros.
Una de las integrantes es la Sra. Margarita R. quien se dedica a la venta de comestibles, ella comenta que acude hasta los lugares con mucha concurrencia de gente para ofrece sus comestibles.
En todas las actividades que ella realiza la ayudan sus hijos.
Solicita el préstamo para la compra de ingredientes que ella utiliza para la elaboración de los comestibles como carne, aceite, harina ya que estos son los principales para prepara empanadas, milanesas, marineras y otros, muy consumidos por los clientes.

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
  • 60
    View loans »
    Paraguay Loans Fundraising
  • $33,479,050
    Funds lent in using Kiva
  • 4,915.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Virgen De Fátima Group's $2,275 loan helped a member purchase of ingredients for food like meat, flour, cooking oil.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Sep 17, 2010
Oct 19, 2010
Currency Exchange Loss:
Feb 16, 2011