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Virgen Del Carmen Group
In this Group: Claudelina , Porfiria , Higinia , Asuncion , Andresa , Albina , Margarita , Lidia , Luciana , Ilda
This group was formed thanks to Mrs. Albina, the president, who lives in the city of Concepción. The president wanted to help her friends by giving them the idea that each one could progress if they formed a group.

They were all happy to establish the women entrepreneur group called "COMITÉ VIRGEN DEL CARMEN". There are ten members and most of them have small businesses selling food items such as pies, seafood, sausages, chips, cakes, or sweets to obtain more income for their families.

They are requesting a loan to buy ingredients for their food products such as meat, spices, eggs, etc. They all hope to be able to get ahead for their individual and community development.
View original language description ↓
Este Comité se formo gracias a la Sra. Albina, ella es la presidenta del comité, vive en la cuidad Concepcion.
La presidenta se motivo en la idea de producir un bien para sus compañeras, dando la una vision de que a través del comité estarian alcanzando el progreso de cada una.
Encantadas aceptaron conformar el comité de mujeres emprendedoras, Nombrandolo COMITÉ VIRGEN DEL CARMEN.
El comité cuenta con diez (10) miembros, donde la mayoria se dedica a pequeñas actividades desde la venta de minutas como: empanadas, marineras, butifarras, chipas, tortas, dulces de tal manera que puedan octener mayores ingresos para sus familias.
Solicitan el crédito para poder comprar ingredientes para los productos alimenticios que venden como ser carne, especias, huevos y demás.
Todas tienen la esperanza de seguir luchando por salir adelante, buscando el progreso de cada una de ellas y la de su comunidad.

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
  • 127
    View loans »
    Paraguay Loans Fundraising
  • $31,646,375
    Funds lent in using Kiva
  • 3,990.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Virgen Del Carmen Group's $1,400 loan helped a member to buy ingredients such as meat, eggs, spices, etc.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 24, 2011
Listed
Jun 26, 2011
Currency Exchange Loss:
Covered
Ended:
Dec 15, 2011