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Virgen Del Carmen Group
In this Group: Victoriana, Claudia , Águeda , Sofía , Teresa , Verónica , Rosa , Simona , Aida , María , Manuela , Vanessa , Perla , Verónica , Marta , María *, Bernarda *
* not pictured
The communal bank formed with the management of Sofía, a hardworking and helpful woman. She contacted her neighbors and friends to form the group in the area. The bank is named Virgen del Carmen; there are 17 members and they are in their seventh cycle. It is a group that stands out in the neighborhood for being united and responsible. The members have a great spirit of entrepreneurship, struggle, and working together.

Sofía works selling domestic chickens, which she achieved with great effort and sacrifice. Thanks to her hard work she gives her family everything they need to have a comfortable life, with no deprivation or restrictions. Her dream is to be able to have a place where she can sell her chickens.

She is requesting the loan to be able to buy chickens and in this way increase the stock she offers to her customers.
View original language description ↓
El comité se ha formado con la gestión de la señora Sofía, una mujer trabajadora y servicial, ella contactó con sus vecinas y amigas para conformar el grupo en la zona. El comité se denomina “Virgen del Carmen”, están en el Séptimo Ciclo y está constituido por 17 integrantes; es un grupo que se destaca en el barrio por ser muy unido y responsable. Las integrantes poseen un gran espíritu emprendedor, de lucha y trabajo en equipo.
La señora Sofia se dedica a la venta de gallinas caseras, lo cual logró con mucho esfuerzo y sacrificio. Ella gracias a su arduo trabajo le da a su familia todo lo que ellos necesitan para tener una vida cómoda, sin privaciones ni limitaciones. Su sueño es poder tener un local donde vender las gallinas que tiene.
Ella solicita el crédito para poder comprar gallinas y de esa forma aumentar su stock para ofrecer a sus clientes.

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
  • 71
    View loans »
    Paraguay Loans Fundraising
  • $30,772,800
    Funds lent in using Kiva
  • 4,530.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Virgen Del Carmen Group's $3,300 loan helped a member to buy chickens to sell.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 16, 2011
Listed
Jan 16, 2012
Currency Exchange Loss:
Covered
Ended:
Jul 15, 2012