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Mujeres Virtuosas Group
In this Group: Damiana, Benita, Susana, Josefa, Noelia, Isabel, Lorena, Julia, Veronica, Estela, Arsenia, Arminda, Rosa, Carmen, Yamile*
* not pictured
The name of this group is "Mujeres Virtuosas", meaning "Virtuous Women". It is an excellent group of women from the city of Villa Elisa. Thanks to Damiana who contacted an assessor at a weekly meeting in the region to inform herself on the kind of work carried out by Comite de Mujeres Emprendedoras. Once she was informed on the program she was able to bring together a group of 15 women, and now they are on their first loan cycle. They all have business activities to earn an income. They help each other to meet their common group objectives and with Fundacion Paraguaya (Kiva Field Partner).

Damiana is a seamstress. She makes articles of clothing for men and women and she is very well known in the region for the excellent quality of clothing she makes.

She has had this business since she was an adolescent. It was a trade that she quickly learned from her mother and today it has converted into the primary source of income for her family.

She requests a loan to purchase fabrics of different qualities and colors in order to be able to produce more and to have a larger selection for her clients.
View original language description ↓
Mujeres Virtuosas se denomina el excelente grupo de mujeres conformado en la ciudad de Villa Elisa, gracias a que la Sra. Damiana contactó con la asesora en una reunión semanal que la misma tenía en la zona, para informarse de la forma de trabajo que tiene el Comité de Mujeres Emprendedoras, una vez asesorada acerca del programa logró juntar a 15 mujeres quienes se encuentran trabajando en el 1° ciclo.
Todas ellas realizan actividades para recaudar fondos, se ayudan mutuamente para llegar a los objetivos en común que todas tienen dentro del grupo y con la Fundación Paraguaya.
La sra. Damiana se dedica a la costura, ella realiza prendas para hombres y mujeres, es muy reconocida en la zona por la excelente calidad de sus ropas.
Tiene este rubro desde que era una adolescente, pues fue un oficio aprendido de manera rápida a través de su madre y hoy día se ha convertido en el principal medio de ingreso económico de su familia.
Ella solicita el crédito para poder comprar telas de distintas calidades y colores a modo de poder confeccionar más y tener mayor variedad para sus 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

  • $4,555
    Average annual income
  • 74
    View loans »
    Paraguay Loans Fundraising
  • $30,204,950
    Funds lent in using Kiva
  • 3,980.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Mujeres Virtuosas Group's $2,025 loan helped a member to purchase fabrics.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 20, 2011
Listed
May 25, 2011
Currency Exchange Loss:
Covered
Ended:
Sep 15, 2011