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Medalla Milagrosa Group
In this Group: Maria, Ninfa, Ramona, Maria, Carmen, Estela, Olga, Josefina, Fátima, Mariela
The group was formed thanks to Mrs. Maria who had heard of a group of entrepreneurial woman and was fascinated by the idea. So she organized her friends and neighbors who were delighted to agree to make up the Committee that they named Medalla Milagrosa [Miraculous Medal]. The committee currently has ten members, all of whom define themselves as hardworking and responsible women. They all fight for a better future for themselves and their families. They came together with that purpose and want to fulfill it.

Mrs. Maria works selling fast food such as sandwiches, empanadas, croquettes and other foods. Every day at a very early hour she gets up to prepare the foods she is going to sell. She asserts that every sacrifice is a small one when it comes to achieving wellbeing for her family.

She is seeking the loan to purchase ingredients for the foods she prepares, such as spices, meat, garden produce and other ingredients.
View original language description ↓
El comité se formo gracias a la Sra. Maria, ella había oído hablar del grupo de mujeres emprendedoras y quedo fascinada con la idea, por lo que organizo a sus vecinas y amigas, las cuales encantadas aceptaron conformar el Comité al que llamaron Medalla Milagrosa.
el comité actualmente tiene 10 miembros, todas ellas se definen como mujeres trabajadoras y responsable. Todas ellas luchan por un mejor porvenir para ellas y sus familiares, se unieron con ese propósito y desean cumplirlo.
La Sra. Maria se dedica a la venta de comidas rápidas, como ser sandwishs, empanadas, croquetas, y demás. Cada día a muy tempranas horas se levanta a preparar los alimentos que va a vender. Ella manifiesta que todo sacrificio es pequeño por lograr un bienestar a su familia.
Ella solicita el credito para la compra de los ingredientes para los alimentos que prepara como ser las especias, carnes, hortalizas y demás.

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
  • 93
    View loans »
    Paraguay Loans Fundraising
  • $30,964,825
    Funds lent in using Kiva
  • 3,950.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Medalla Milagrosa Group's $1,825 loan helped a member to purchase cooking ingredients such as spices, meat, produce and other items.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 30, 2011
Listed
Jul 4, 2011
Currency Exchange Loss:
Covered
Ended:
Jan 15, 2012