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Virgen De Fátima Group
In this Group: Reinalda , Arminda , Mirna , Ofelia , Raquel , Silvana , Jorgelina , Wilfrida , Zulma , María Olga , Norma
This committee was formed thanks to Reinalda O. O., who lives in the city of Independencia.

These happy ladies were glad to form the committee of rural ladies, called "Virgen de Fátima” committee.

Most of these ladies have their own businesses, whether that be general merchandise, chipa (typical cheese and starch based dough in Paraguay), or crafts. Others sell lottery, and some work as maids or cleaning women.

This is a united and hard working group and the ladies are constantly getting together and doing things to help each other with loan repayments. They’ve completed previous cycles, so they manage this system. Since they feel so united, they have requested another Kiva loan in order to continue working together, proving that lenders are a great help.

Ofelia sells art, something she learned from her parents who used to sell pitchers, vases, other vessels, and small sculptures. This is why she’s known the basics of this business, the types of customers, and the areas where demand is greatest since she was young.

She has turned this into her means of supporting herself and her family, but she would like to beat the poverty that some of her family finds itself in. She is asking for this loan to buy more art for resale which will help her financially.
View original language description ↓
Este Comité se formó gracias a la señora Reinalda O. O.. Ella está domiciliada en la ciudad de Independencia.
Las integrantes encantadas aceptaron conformar el Comité de Mujeres Rurales nombrando al Comité "Virgen de Fátima".
Las integrantes del comité se dedican en su mayoría al comercio ya sea de mercaderías, venta de chipa (masa típica del Paraguay a base de queso y almidón) o de artesanías. Otras se dedican a la venta de quiniela, y algunas son empleadas domésticas y limpiadoras.
Este grupo es un grupo solidario y muy trabajador, ya que las señoras constantemente se reúnen y hacen actividades para ayudarse entre todas en el pago de las cuotas.
Ellas ya han pasado ciclos anteriores por eso manejan este sistema de trabajo, y como se sienten muy unidas para seguir trabajando juntas solicitan otro crédito a Kiva, confiando plenamente en que los inversionistas las ayudarán.
La sra. Ofelia se dedica a la venta de artesanías, es una actividad que heredó de sus padres, ya ellos realizaban ventas de cántaros, jarrones, vasijas y todo tipo de mini-esculturas, y por eso desde joven conocía los trucos de este negocio, las clases de clientes y los posibles lugares de mayor demanda.
Fue así que lo hizo su medio de ganar el sustento para su familia y para ella misma, pero desea poder superar aún la pobreza en la que se encuentran algunos de sus familiares, por eso solicita el crédito para adquirir más artesanías para la reventa y poder ayudarlos de alguna manera en el aspecto económico.

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
  • 18
    View loans »
    Paraguay Loans Fundraising
  • $29,453,750
    Funds lent in using Kiva
  • 4,000.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Virgen De Fátima Group's $1,475 loan helped a member to buy art items for resale.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 23, 2011
Listed
May 1, 2011
Currency Exchange Loss:
Covered
Ended:
Oct 15, 2011