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Virgen De Fatima Group
In this Group: Elisa, Gloria , Ramona , Maria , Claudia , Celsa , Carmen , Salustiana , Rosalba , Cintia , Elva , Noelia *
* not pictured
This communal bank is called "Virgen de Fátima," and is currently in its 13th loan cycle in the Enterprising Women program. They have gotten this far by working together, and their goal is to stay together and in this way help their families.

Gloria is one of the members. She is 40 years old, and is married to Gustavo. Together, they have 3 children. Gloria is a hairdresser, and she says that she has a very good customer base thanks to the good service that she gives to her customers.

Gloria is requesting a loan to buy hair cream, hair coloring agents, shampoo, rinses, and other supplies so that she can keep providing good service to her customers. She appreciates the help that she and her friends are receiving, because it will be very helpful to them.
View original language description ↓
Virgen de Fátima se llama el comité, y actualmente se encuentra en el decimo tercer ciclo del programa de comité de Mujeres Emprendedoras. Gracias al trabajo en conjunto de ellas es que ya están en este ciclo y su meta es poder seguir juntas y asi ayudar a sus familias.
La Sra. Gloria es una de las miembros, ella tiene 40 años de edad, está casada con el Sr Gustavo y juntos tienen 3 hijos. Ella es Peluquera y comenta que tiene muy buena clientela gracias al buen servicio que le da a sus clientes.
Ella solicita el crédito para la compra de crema para cabellos, tintes, Shampoo, enjuagues y demás insumos para poder seguir dando un buen servicio a sus clientes. Agradece por la ayuda que ella y sus amigas están recibiendo, ya que les será muy útil.

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
  • 128
    View loans »
    Paraguay Loans Fundraising
  • $31,646,375
    Funds lent in using Kiva
  • 4,290.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Virgen De Fatima Group's $2,350 loan helped a member to buy hair cream, hair coloring agents, shampoo, rinses, and other beauty supplies.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 19, 2012
Listed
May 25, 2012
Currency Exchange Loss:
Covered
Ended:
Sep 15, 2012