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Virgen De Caacupe Group
In this Group: Luisa, Gloria, María Isabel, María Antonia, Gloria, Pablina, Nidia, Elbira, Luz, Myrian, Ramona, Lilian, Irmilda, Nidia, Vicenta, María, Gabina, Ermelinda*, Idalina*
* not pictured
The communal bank "Virgen de Caacupé" is made up of 19 women from Ciudad del Este. The group carries this name in honor of the patron saint of the country. Now they are in their first loan cycle. They state that they are very pleased with the program, because they feel accomplished and very satisfied. They describe themselves as tenacious and hardworking women, and they say that they were motivated to form this group so that they could obtain higher earnings for each of them, and help their families. But they don't see only economic benefits, but rather comprehensive benefits that accrue to each of the members.

Gabina has a business making and selling food that she has had for several years. She states that she has an established base of customers who always come to buy from her. She says that she has a lot of demand, especially at lunchtime. She dreams of having her own restaurant where she could offer her customers better service.

Gabina requests a loan to buy ingredients that she will use in making her food, such as: meat, vegetables, noodles and other items.
View original language description ↓
Virgen de Caacupé, es el comité formado por 19 mujeres de Ciudad del Este, lleva este nombre en honor a la Santa patrona del País. Actualmente se encuentra en el primer ciclo. Manifiestan estar muy a gusto del programa. ya que se sienten realizadas y muy satisfechas. Se definen como mujeres trabajadoras y luchadoras, dicen que lo que las motivo a formarse en un comité es la obtener mayores ingresos para cada una de ellas, con lo cual ayudaran a sus familias. Pero no ven solo el aspecto económico, sino también el aspecto integral de cada una de las miembros.
La Sra. Gabina se dedica a la elaboración y venta de alimentos, desde hace ya unos años. Manifiesta que tiene un grupo bien formado de clientes que siempre vienen a comprar de ella. Manifiesta que tiene mucha demanda, en especial para la hora del almuerzo. Sueña con tener un local propio donde ofrecer a las personas mejor servicio.
Ella solicita el crédito para la compra de los ingrediente que va a necesitar para la elaboración de sus comidas, como ser carne, hortalizas, fideos 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
  • 52
    View loans »
    Paraguay Loans Fundraising
  • $33,578,950
    Funds lent in using Kiva
  • 3,905.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Virgen De Caacupe Group's $2,500 loan helped a member to buy meat, vegetables, noodles, and other products.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Jun 29, 2011
Aug 1, 2011
Currency Exchange Loss:
Oct 15, 2011