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Virgen De Fátima Group
In this Group: Maria Sunilda, Nicolasa, Sonia, Terenciana, Carmen, Librada, Viviana, Alba, Antonia, Lidia
The communal bank named Virgen de Fátima (Virgin of Fátima) was formed thanks to one of its members. Today the group has 10 members and they are in the first loan cycle of the program for enterprising women. All of them are fighters and, above all, very hardworking women. They have come together with the goal of making an income for their families so that they can contribute to household expenses.

Viviana is a laundress and she says that it's very hard work because she must meet her customers' orders on time. From all around her she receives garments to be washed, which she has no complaints about. One of her goals is to improve her landromat in order to attract more customers. She is very proud of what she does since it's dignified and humble work.

She requests the loan to purchase washing powder, laundry softener and other supplies that are necessary for her work. She thanks the Fundación for the opportunity she is given.
View original language description ↓
El comité denominado Virgen de Fátima se conforma gracias a una de las miembros. Actualmente el grupo cuenta con 10 integrantes y se encuentran en el primer ciclo del programa de mujeres emprendedoras. Todas ellas son mujeres luchadoras y por sobre todo muy trabajadoras. Se unieron con el objetivo de generar un ingreso para sus familias, para que de esa forma puedan aportar en los gastos de la casa.
La señora Viviana es lavandera, comenta que es un trabajo muy duró puesto que debe cumplir en tiempo con los encargos de los clientes. De todos lados recibe las prendas que debe lavar, en cuanto a eso no tiene quejas. Uno de sus propósitos es mejorar su lavandería para que de esa forma pueda atraer a más clientes. Está muy orgullosa de lo que hace, ya que es un trabajo digno y humilde.
Ella solicita el crédito para la compra de jabones en polvo, suavizantes de ropas y demás insumos necesarios para su trabajo. Agradece a la Fundación por la oportunidad que le da.

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
  • 68
    View loans »
    Paraguay Loans Fundraising
  • $27,639,125
    Funds lent in using Kiva
  • 3,900.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Virgen De Fátima Group's $1,450 loan helped a member to purchase laundry soap, detergent and softener.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 20, 2011
Listed
Sep 1, 2011
Currency Exchange Loss:
Covered
Ended:
Mar 15, 2012