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Virgen De Fatima Group
In this Group: Estela Elizabeth, Silvia , Blanca , Amelia , Teresa , Celia , Irma , Eugenia , Victoria , Laura , Limpia , Basilia , Noelia , Nelida , Tomasa , Marian
Virgen de Fatima (Virgin of Fatima) is the name of this group composed of 16 women form the town of Luque. They are all friends and neighbors, and they all consider the Fundación Paraguaya’s Mujeres Emprendedoras program an important help for them, and for this reason they decided to join it. They are currently working their third cycle of the program and the are very happy about it.
Silvia is a member of the group: she is 33 years old, she is married to Jorge, a civil servant, and they are blessed with 2 children, who are the main reason behind their daily efforts.
Silvia sells lingerie, and she says that thanks to the good quality of the clothes she sells she can already count on established customers, and she is very successful. She is requesting a loan to buy blouses and other items of clothing to offer a wider variety of lingerie.
View original language description ↓
Virgen de Fatima lleva por nombre el grupo integrado por 16 mujeres de la ciudad de Luque. Todas son ellas son amigas y vecinas y vieron en el programa de mujeres emprendedoras de la fundacion una importante ayuda y es por ello que decidieron juntarse. Actualmente se encuentran en el tercer ciclo del programa y están muy contentas.
La Sra Silvia es integrante del comité, tiene 33 años, esta casada con el Sr Jorge, quien es empleado público, juntos tienen la dicha de tener 2 hijos, quienes son la razón principal de la lucha de ambos.
Silvia es Vendedora de lencerías y cuenta que gracias a la buena calidad de las prendas que vende ya tiene una clientela bien formada y tiene mucho éxito. Solicita el crédito para la compra de blusas, y demás tipos de ropas para tener más variedad a parte de las lencerías.

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
  • 64
    View loans »
    Paraguay Loans Fundraising
  • $27,639,125
    Funds lent in using Kiva
  • 4,400.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Virgen De Fatima Group's $2,875 loan helped a member to buy blouses and other items of clothes to stock up her shop.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 19, 2011
Listed
Jan 5, 2012
Currency Exchange Loss:
Covered
Ended:
May 16, 2012