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Medalla Milagrosa Group
In this Group: Magnolia Elizabeth, Maximina, Jessica, Wilma, Marta, Jorgelina, Rosaria, Johana, Juliana, Antonina, Aida, Francisca, Miryan, Maria*, Nilda*
* not pictured
The formation of this committee was thanks to the initiative of Aida from the city of Carapeguá. The group is called “Medalla Milagrosa” (Miraculous Medal) and is currently in its first cycle with fifteen members. They define themselves as very active ladies who stand out in their work environments.

They joined together to improve their enterprises. Others, however, are starting their first activities in hopes of generating their own income and thus help their families attain better quality of life.

Aida sells all sorts of clothes. She feels completely fulfilled in this work because thanks to the sacrifice she’s done she’s managed to support her family giving them a better standard of living. As far as her clientele is concerned, she has quite a bit of demand so she’d like to expand the variety of goods she has to sell. One of her dreams is to be able to have a locale that she can sell her wares at.

She is asking for the loan to buy seasonal clothing for subsequent resale which will help her meet customer demand. She is grateful to the Fundación for the support it’s provided her.
View original language description ↓
La formación del presente comité se inicio gracias a la iniciativa de la Señora Aida de la Ciudad de Carapeguá. El grupo es denominado Medalla Milagrosa y actualmente se encuentra en el primer ciclo con 15 integrantes, ellas se definen como señoras muy activas, destacadas en el ámbito del trabajo.
Ellas se integraron para lograr mejorar sus emprendimientos, otras sin embargo comienzan con su primera actividad con el objetivo de generar sus propios ingresos y de esa forma ayudar a sus familias con una mejor calidad de vida.
La Señora Aida se dedica a la venta de ropas de todo tipo, por medio de este trabajo logra desenvolverse plenamente, ya que gracias a su sacrificio ha logrado mantener a su familia dándoles un mejor estilo de vida. En cuanto a la clientela posee mucha demanda por lo que le gustaría poder ampliar la variedad de prendas que tiene a la venta. Uno de sus sueños es poder tener un local donde vender u ofrecer sus prendas.
Ella solicita el crédito para la compra de prendas de estación para la posterior venta, lo cual la ayudará para cumplir con la demanda de sus clientes. Agradece a la Fundación por la oportunidad que le brinda

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
  • 56
    View loans »
    Paraguay Loans Fundraising
  • $28,673,125
    Funds lent in using Kiva
  • 3,890.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Medalla Milagrosa Group's $2,075 loan helped a member to buy clothes to resell.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 15, 2011
Listed
Aug 16, 2011
Currency Exchange Loss:
Covered
Ended:
Dec 15, 2011