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Virgen Del Carmen Group
In this Group: Edelida , Blanca , Liz , Teresa , Maria, Graciela , Laura , Del Rosario, Maria, Mirian, Graciela , Blanca , Edith, Elva, Laura, Maria, Gilda
This committee was formed by Teresa and Edelida who had come to Fundación Paraguaya's office to find out more about the 'Comité de Mujeres Emprendedoras' (Committee of Entrepreneurial Women) program. They invited their friends and people from their neighborhood to form a group in order to get ahead in life and improve their living standards. There are 17 hard-working and unassuming women in this group who must earn a living every day.

Blanca's business is selling all kinds of food such as burgers, empanadas, tortillas, etc. She is in charge of selling her own products. Every day she gets up very early in order to prepare the food which she later sells. She describes herself as a very hard-working and responsible person.

Blanca is requesting this loan to buy the ingredients that she needs to make her food.
View original language description ↓
Este Comité se formo a través de las Sras. Teresa y la Sra. Edelida, quienes se había acercado hasta la Oficina de la Fundación Paraguaya para interiorizarse más del Programa de Comité de Mujeres Emprendedoras, la misma invito a sus amigas y compañeras del Barrio y decidieron sumarse al trabajo grupal para salir adelante y así mejorar su estilo de vida, son 17 mujeres trabajadoras y humildes que deben ganarse el sustento todos los días.
La Sra. Blanca se dedica a la venta de comidas de todo tipo, tales como hamburguesas, empanadas, tortillas y demás y es ella misma se encarga de comercializar sus propios productos. Cada día se levanta muy temprano para poder preparar esos alimentos que va a vender. Ella se define como una persona muy trabajadora y responsable.
Solicita el credito para la compra de ingredientes para la elaboración de los alimentos.

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
  • 82
    View loans »
    Paraguay Loans Fundraising
  • $31,492,275
    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 $4,425 loan helped a member to buy the ingredients that she needs to make the food that she produces (meat, eggs, spices, etc.).
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 26, 2011
Listed
Jun 26, 2011
Currency Exchange Loss:
Covered
Ended:
Dec 15, 2011