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Virgen De Itatí Group
In this Group: Carmen, Angelina, Liz, Miguelina, Dallys, Edith, Estela, Gladys, María, Teresa, Carina, Cinthia, Lidia, Antonia, Diana, Norma, Juliana, Claudina*, Blanca*, Fátima*, Yolanda*
* not pictured
The Virgen D. Itati communal bank is comprised of 21 women. All of them are hard-working and tenacious women. They work day to day to get ahead in order to help their children and their relatives. They want a better future for them, and that is why they put forth their maximum efforts.

Miguelina is one of the members. She is a seamstress, and this work supports her family and everyone who is dependent upon her.

She says that she always has a lot of orders and work. Therefore it is going very well for her. Her dream is to be able to continue growing and to have a large seamstress shop where she would be able to employ other people.

She is requesting the help from the Fundación and from Kiva to buy fabric, thread, needles, and other needed supplies for her workshop. The loan will be a big help in completing her orders.
View original language description ↓
Virgen D. Itati es el grupo integrado por 21 mujeres, todas ellas son mujeres muy trabajadoras, emprendedoras y luchadoras. Ellas día a día trabajan por salir adelante y D. esa forma ayudar a sus hijos y familiares.
La señora Miguelina es una D. las miembros, quien se dedica a la costura, trabajo con el cual mantiene a su familia y a todos quienes D. ella dependen. Comenta que siempre tiene muchos pedidos y trabajo, por lo que le va muy bien, su sueño es poder seguir creciendo y tener un gran taller D. costura donD. pueda emplear a otras personas.
Ella solicita la ayuda D. la fundación y D. Kiva, para la compra D. telas, hilos, agujas y demás insumos necesarios para su taller, lo cual le será D. mucha ayuda para cumplir con sus pedidos.

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
  • 19
    View loans »
    Paraguay Loans Fundraising
  • $29,384,125
    Funds lent in using Kiva
  • 4,265.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Virgen De Itatí Group's $3,550 loan helped a member to buy fabric, thread, needles, and other supplies.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 19, 2011
Listed
Nov 17, 2011
Currency Exchange Loss:
Covered
Ended:
Mar 15, 2012