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Virgen Del Lujan Group
In this Group: Petrona, Cristina, Zunilda , Sandra , Blanca , Celia , Pablina , Silvia , Tomasa , Claudalina , Reina , Carmen , Honorina , Pablina
The communal bank is emphasized for their enthusiasm and energy for working together. The women are heads of family that are in charge of caring for the home and providing daily bread for their families. Their goal is to keep growing as businesswomen and to provide their families a better quality of life.

Mrs. Petrona is the president of the group and tells us that she does everything possible to motivate her friends and to keep improving within the program. She needs to buy food for her pantry and says that through her business she has been able to get ahead, help her family and have enough to meet her day to day expenses.

Mrs. Petrona needs the loan to buy foodstuffs, beverages, dairy and other products needed to keep her small store well stocked.

View original language description ↓
El comite se destaca por su entuciasmo y por la energia de trabajar juntas. Son mujeres jefas de familia que tienen a su cargo mantener la casa y dar el pan de cada día a sus familias. El objetivo de ellas es poder ir creciendo y darles un mejor estilo de vida a sus familias.
La señora Petrona es la presidenta del grupo, ella nos cuenta que hace todo lo posible para motivar siempre a sus amigas y de esa forma ir progresando dentro del programa. Ella tiene una despensa y comenta que por medio de este negocio ha podido salir adelante y ayudar a su familia y obtener los gastos del día a día.
Ella solicita el crédito para la compra de comestibles, bebidas, lácteos y demás insumos necesarios para poder seguir teniendo bien abastecido 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

  • $4,555
    Average annual income
  • 57
    View loans »
    Paraguay Loans Fundraising
  • $28,869,725
    Funds lent in using Kiva
  • 4,290.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Virgen Del Lujan Group's $2,525 loan helped a member buy foodstuffs, beverages, dairy and other products.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 23, 2012
Listed
Apr 25, 2012
Currency Exchange Loss:
Covered
Ended:
Oct 15, 2012