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Virgen De Fatima Group
In this Group: Blanca Isabel, Castorina , Eulalia , María , Maria , Isabel , Felipa , Juana , Liberata , María , María , Teresa *, Amelia *
* not pictured
This communal bank is called “Virgen de Fatima”, and currently it is in its second loan cycle. It has 13 members, who are very active women, outstanding in their work. They got together with the aim of seeking better conditions for their children and family members, and to have a better way of life.

Liberata is one of the women who devotes herself completely to her work, in order to fulfil her obligations. Her daily livelihood is based on selling food of all kinds, as a street vendor. She says that she has very good sales, since she has customers who always buy from her.

One of her dreams is to have her own shop, so that she doesn't have to walk around, as that work is very hard. She is applying for the loan to buy meats, chickens, condiments, baked goods, and other supplies she needs to prepare the food that she sells. She is thankful for the opportunity that the Foundation and Kiva are giving her.
View original language description ↓
“Virgen de Fatima” fue denominado el comité y actualmente se encuentra en el segundo ciclo con 13 integrantes,son señoras muy actívas destacadas en su trabajo. Ellas se unieron con el propósito de buscar mejores condiciones para sus hijos y familiares y que de esa forma tengan un mejor estilo de vida.
La Sra Liberata es una de las señoras que plenamente se dedíca a su trabajo para cumplir con sus obligaciones su actividad de todos los días se basa en vender Comestibles de todo tipo, de forma ambulante. Ella comenta que tiene muy buena venta, ya que tiene clientes que siempre compran de ella. Uno de sus sueños es poder tener un local propio para no tener que recorrer, ya que ese trabajo es muy sacrificado. Ella solicita el crédito para la compra de carnes, pollos, condimentos, panificados y demás insumos necesarios para preparar los alimentos que vende. Agradece la oportunidad que les está dando la fundación y kiva.

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
  • 53
    View loans »
    Paraguay Loans Fundraising
  • $28,602,050
    Funds lent in using Kiva
  • 4,360.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Virgen De Fatima Group's $1,175 loan helped a member to buy meats, chicken, condiments, baked goods, and other supplies.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 29, 2011
Listed
Dec 26, 2011
Currency Exchange Loss:
Covered
Ended:
Apr 15, 2012