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Virgen Las Mercedes Group
In this Group: Eugenia Nidia, Antonia, Ramona, Dora, Sonia, Ramona, Regina, María, Margarita, Nélida
The communal bank “ Virgen las Mercedes" is a group that belongs to the Programa D. Comité D. Mujeres D. la Fundación Paraguaya. It consists of 10 members who live in the neighbourhood of the Virgen las Mercedes in the city of Curuguaty. They jointly undertake activities in order to develop fully within the program and help one another.

One of the members is Dora. She has a snack store ( a place that sells fast food) well stocked with a great variety of products. Thanks to this business she makes the money necessary to help her family and cover the daily household expenses.

She is asking for a loan to buy cookies, candies, soft drinks and other products to sell in her store. She is grateful for the help given her and her business by the Fundacion.
View original language description ↓
El Comité “ Virgen las Mercedes" es un grupo del Programa D. Comité D. Mujeres D. la Fundación Paraguaya, está conformado por 10 integrantes que viven en el barrio Virgen las Mercedes D. la ciudad D. Curuguaty. Ellas realizan actividades en manera conjunta para poder desarrollarse íntegramente dentro del programa y ayudarse las unas a las otras.
Una D. las miembros es Dora, ella tiene un copetín (lugar D. venta D. comidas rápidas) bien cargado con mucha variedad D. comestibles. Gracias a este negocio ella obtiene el dinero necesario para ayudar a su familia y cubrir los gastos que diariamente surgen en la casa.
Ella solicita el crédito para la compra D. galletitas, golosinas, gaseosas y demás productos para vender en su copetín. Agradece la ayuda que le brinda la fundación para con su negocio.

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
  • 69
    View loans »
    Paraguay Loans Fundraising
  • $28,785,675
    Funds lent in using Kiva
  • 4,240.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Virgen Las Mercedes Group's $1,325 loan helped a member to buy cookies, candies, soft drinks and other products.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 17, 2011
Listed
Nov 14, 2011
Currency Exchange Loss:
Covered
Ended:
May 16, 2012