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Virgen De Fátima Group
In this Group: Selva, Margarita, Elvira, Carmen, Norma, María, Petronilda, Lilian, Benigna, María, Julia, Gladys, Rosa, Elena, Del Pilar, Yanilce
This committee is on its third loan cycle. All of the members are very responsible and seek to make life better for their families. Mrs. Carmen F. sells groceries and organises activities such as setting up this group "Virgen de Fatima". She is able to save money thanks to the help of her five children.
View original language description ↓
El presente comité se encuentra en su tercer ciclo. Todas las integrantes son muy responsables y buscan el progreso de sus familias. La Sra. Carmen F. se dedica a la venta de comestibles, orgarganiza actividades como la creación de este grupo "Virgen de Fátima".
Económicamente cuenta con la ayuda de sus cinco hijos.

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
  • 128
    View loans »
    Paraguay Loans Fundraising
  • $31,646,375
    Funds lent in using Kiva
  • 4,590.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Virgen De Fátima Group's $2,025 loan helped a member to buy the ingredients for empanadas such as meat, chicken, cassava, eggs and corn; also fruit such as bananas, pineapples, oranges, melons and apples, etc.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 10, 2011
Listed
Feb 1, 2011
Currency Exchange Loss:
Covered
Ended:
Jun 15, 2011