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Virgen Del Rosario Group
In this Group: Concepción, Enma, Calixta, Buenaventura, Francisca, Selva, Bernarda, Marciana, Pablina, Angelina, Gerarda, Valentina, Calixta, Gladis, Elida, Esperanza, Julia*, Maria*
* not pictured
In the city of Yaguaron a group of women came together with the common goal of investing in their businesses and to learn about new productive businesses. Since then they have endeavored to join the program, a welcome event for the benefits the programs brings.

The group's name is Virgen del Rosario and they are currently on their fourth loan cycle. It is made up of 18 enterprising women who put their best foot forward with the goal of improving their incomes.

The members of the group are hard working, beautiful women who have invested their loans in their respective businesses in order to provide their families with the best possible. One of the members is Concepcion and she has a general store from where she sells basic needs products for the entire family. She is very happy with her business because it helps keep her family well fed and she is able to cover all their expenses.

She is always ready to invest in the purchase of merchandise to supply her store. She requests a loan to purchase pastas, sugar, rice, and pastries among other items.
View original language description ↓
En Yaguarón, se reunieron unas mujeres con el fin de invertir en su actividad y otras para emprender actividades productivas, de ahí que se dispusieron a realizar la reunión para interiorizarse sobre el programa, quienes aceptaron por los beneficios brindados por el programa.
El comité lleva por nombre Virgen del Rosario, actualmente se encuentran en el cuarto ciclo, integrada por 18 emprendedoras señoras, quienes ponen lo mejor de si para aumentar sus ingresos.
Todas las integrantes son luchadoras y guapas quienes han invertido sus préstamos en sus respectivas actividades y por medio de eso brindarle lo mejor posible a sus familias.
Una de las integrantes es la señora Concepcion quien se dedica a la venta de mercasderias de primera necesidad para el consumo familiar.
Ella se encuentra satisfecha con su negocio ya que nos comenta que la ayuda a alimentar muy bien a su familia por que cubre con todos los gastos.
Por ello para ella siempre conviene invertir en la compra de mercaderias para surtir la despensa .
Solicita el prestamo para la compra de mercaderias como fideos, azucar, arroz, panificados 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

  • $8,400
    Average annual income
  • 71
    View loans »
    Paraguay Loans Fundraising
  • $33,479,050
    Funds lent in using Kiva
  • 4,600.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Virgen Del Rosario Group's $3,100 loan helped a member to purchase merchandise to stock a general store.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Nov 25, 2010
Dec 22, 2010
Currency Exchange Loss:
Jun 15, 2011