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Virgen Del Rosario Group
In this Group: Martina , Gregoria , Rossana , Maria Del Carmen, Maria Lucia , Sergia , Catalina , Silvia , Silvia , Maxima , Benita , Felicita , Nimia , Marilym *, Elsa *
* not pictured
The club "Virgen del Rosario" was formed at the initiative of Martina. Currently they are in their second cycle and have 15 members.

They finished the first cycle without problems, and have demonstrated unity and solidarity among the members. During the current cycle two new hardworking women with businesses will be incorporated into the group.

Martina grows and sells mandioca [cassava], a product typical to Paraguay and consumed throughout the country in place of bread. It is much more popular than bread because of its flavor and low cost.

She has taken advantage of these qualities to grow her business, selling to the large stores and to people who want to eat it without needing to have a business.

Martina wants to increase her income by increasing her production, and asks for a loan to buy compost and fertilizer.
View original language description ↓
El comité “Virgen del Rosario", se conformó con la iniciativa de la señora Martina; actualmente se encuentran en el segundo ciclo, con quince (15) integrantes.
Culminaron el primer ciclo sin inconvenientes, han demostrado unión y solidaridad entre las compañeras; en el ciclo actual se incorporan dos nuevas integrantes, quienes poseen actividad económica y son muy trabajadoras.
La sra. Martina se dedica a la producción y venta de mandioca, es un producto típico de Paraguay, muy consumido en el país en sustitución del panificado, e incluso es mucho más solicitado que los panes por su sabor y accesibilidad económica.
Ella ha aprovechado estas cualidades para poder hacer crecer su negocio, vendiendo a los almacenes y personas que deseen consumirlo sin necesidad de poseer un negocio.
Martina desea poder aumentar sus ingresos aumentando sus producciones y solicita el crédito para la compra de abono y fertilizantes.

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
  • 57
    View loans »
    Paraguay Loans Fundraising
  • $28,140,525
    Funds lent in using Kiva
  • 3,970.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Virgen Del Rosario Group's $2,650 loan helped a member to buy compost and fertilizer to increase crop production.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 23, 2011
Listed
Jun 21, 2011
Currency Exchange Loss:
Covered
Ended:
Jan 15, 2012