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La Milagrosa Group
In this Group: Romina Elizabeth, Adelaida, Maria, Griselda, Lilian, Victoria, Wilma, Graciela, Silvia, Victoriana, Margarita, Arsenia, Valentina, Benita
The La Milagrosa Communal Bank is from the city of San Lorenzo. It currently has 14 members, all of whom work in an environment of cooperation and mutual respect. They have worked extremely hard, which has led to their social and economical growth. They are recognized locally as very hardworking women.

Romina has a notions store where she sells all kinds of things, like blankets, comforters, clothes, shoes, gifts, and other items. She remarks that this business has allowed her to get ahead by generating the income she needs to support her family and give them a decent, respectable life.

She is asking for a loan to buy the items she sells in her store, such as blankets, sheets, gift items, and the like. She thanks Fundación Paraguaya for providing her with this opportunity, as getting the loan will help her greatly with her plans.
View original language description ↓
El comité denominado La milagrosa es de la ciudad de San Lorenzo, cuenta actualmente con 14 integrantes, donde todas ellas trabajan dentro de un ambiente de cooperación y mutuo respeto. Han pasado un intenso trabajo por lo que han crecido tanto social como económicamente, son reconocidas en el lugar como mujeres muy trabajadoras.
La señora Romina tiene una mercería, allí vende todo tipo de productos, como ser frazadas, edredones, ropas, calzados, artículos para regalos y demás artículos. Comenta que mediante este negocio ella ha podido salir adelante, generando los recursos necesarios para mantener a su familia y darles de esa forma una vida digna y decorosa.
Ella solicita el crédito para la compra de los artículos que vende en su negocio, como ser frazadas, sabanas, artículos para regalos y demás. Agradece a la Fundación por la oportunidad que esta le brinda, pues de tener el crédito le será de mucha ayuda en los proyectos que tiene.

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
  • 56
    View loans »
    Paraguay Loans Fundraising
  • $33,516,125
    Funds lent in using Kiva
  • 3,845.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of La Milagrosa Group's $1,975 loan helped a member to buy sheets, blankets, gift items, and the like.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Jul 28, 2011
Sep 3, 2011
Currency Exchange Loss:
Dec 15, 2011