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Virgen De La Candelaria Group
In this Group: Graciela, Rossana, Ermelinda, Natalia, Cecilia, Victorina, María, Norma, Gloria, Adriana, Viviana, Gloria, Gladys, Natividad*, Ana*
* not pictured
The Virgen de la Candelaria ["Virgin of Candelaria"] Women's Group was formed by members of the Virgen de la Mercedes ["Virgin of Mercedes"] Group who lived in the same neighborhood and wanted to form a solidarity group closer to their homes. The group is currently in its fourth loan cycle with the "Enterprising Women" program of Fundación Paraguaya

Ms. Graciela T. sells items that are typically used in the home, especially for feeding a family. She already has a small store set up, from which she sells to her neighbors. She is very satisfied with her business, as it covers all of the nutritional expenses for her family, which is the most important thing to her. She is requesting this loan to buy noodles, rice, sugar, yerba mate [a bitter herbal tea], oil, and other items.
View original language description ↓
El comité Mujeres Virgen de la Candelaria del barrio, se formó con integrantes del comité Virgen de las Mercedes del mismo barrio, las cuales quisieron formar un nuevo comité más cerca de sus casas, actualmente el comité se encuentra en el cuarto ciclo del programa Comité de Mujeres Emprendedoras de la Fundación Paraguaya.

La señora Graciela T. se dedica a la venta de productos de uso domésticos especialmente para el consumo de la familia, y la tiene la despensa que les provee a sus vecinos.
Esta muy satisfecha con su negocio ya que el mismo cubre todo los gasto de alimentación de la familia que es lo más importante para ella.
Solicita el préstamo para la compra de fideos, arroz, azúcar, yerba mate, aceite y otros.

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
  • 66
    View loans »
    Paraguay Loans Fundraising
  • $29,036,000
    Funds lent in using Kiva
  • 4,920.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Virgen De La Candelaria Group's $2,900 loan helped a member to buy flour, rice, noodles, oil, and other staple food items.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 22, 2010
Listed
Oct 26, 2010
Currency Exchange Loss:
Covered
Ended:
Jan 15, 2011