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Virgen Del Rosario Group
In this Group: Maria De La Cruz , Angelica , Blanca , Yenny , Lucia , Cristina , Maria , Aidee , Nimia , Luz , Ramona , Maria , Jessica , Karina , Myrian , Evangelina , Judith *, Romina *, Cinthia *
* not pictured
Señora Maria started off this committee by organizing and inviting her friends to become a part of the Comité de Mujeres Emprendedoras [Committee of Enterprising Women] program. It was from there that the group Virgen del Rosario came about. The 19 women who make up the group are very hardworking and enterprising and they are eager to fight to get ahead in life.

Señora Maria has a fast food counter where she sells food, drinks, candy and other items. She has a partner of 18 years and they have three children, two minors and one adult. Her goal is to continue expanding her business, thus providing her family with a better way of life i.e., food, a home and education. She describes herself as a very hardworking and enterprising person who fights day after day to give her family the best.

She is requesting the loan to buy meat, baked goods, vegetables, seasoning and other ingredients to continue producing the food that she sells and also to stock her business premises with drinks.
View original language description ↓
El contacto para el inicio del presente comité fue la señora Maria quién invito y organizo a sus amigas para formar parte del programa Comité de Mujeres Emprendedoras. De ahi surge el grupo llamado Virgen del Rosario, el cual está integrado por 19 mujeres muy trabjadoras y emprendedoras, con muchas ansias de luchar y salir adelante.
La Sra. Maria tiene un copetin donde vende alimentos, bebidas, golosinas y demás. Esta acompañada hace 18 años, tienen tres hijos dos menores de edad y una mayor de edad. Tiene como meta ir agrandando su negocio y brindando asi un mejor estilo de vida a su familia como ser alimentacion, vivienda, educación. Ella se define como una persona muy trabajadora y emprendedora que día a día lucha por darle lo mejor a su familia.
Ella solicita el crédito para la compra de carnes, panificados, verduras, aderezos y demás insumos para seguir elaborando los alimentos que vende y tambien bebidas para poder surtir su local.

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
  • 140
    View loans »
    Paraguay Loans Fundraising
  • $31,646,450
    Funds lent in using Kiva
  • 4,370.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Virgen Del Rosario Group's $4,500 loan helped a member to buy drinks and ingredients to stock her fast food counter.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 1, 2012
Listed
Feb 29, 2012
Currency Exchange Loss:
Covered
Ended:
Jun 15, 2012