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Virgen Del Carmen Group
In this Group: Victoriana, Agueda, Maria, Marta, Claudia, Perla, Veronica, Salustina, Ramona, Vanessa
The communal bank is called ”Virgen del Carmen,“ and they are in their seventh loan cycle with ten members. It is a group that stands out in the neighborhood for being very close-knit, supportive and responsible. It is noted especially that they wish to work hard and succeed.

Victoriana, the chairperson, sells all types of food, such as empanadas, sandwiches and other kinds. She says that she works from a very early hour, which is when she gets up to make her food.

She has a very good clientele, because her meals are very delicious and her customers love them.

She is requesting the help of Kiva and Fundación Paraguaya, in order to buy supplies to be able to continue making her food, such as condiments, greens, vegetables, meats and other ingredients. She and her group are grateful for the help they receive, as it will be very important for them.
View original language description ↓
El comité se Denomina ”Virgen del Carmen“ están en el séptimo Ciclo con 10 integrantes , es un grupo que se destaca en el barrio por ser muy unidas, solidarias y responsable entre ellas, se nota por sobre todo que desean salir adelante y trabajar duro.
Victoriana, la presidenta, se dedica a la venta de todo tipo de comestibles, como ser empanadas, sándwich, y demás clases, cuenta que trabaja desde muy tempranas horas, que es cuando se levanta a hacer sus alimentos. Tiene muy buena clientela gracias a que sus comidas son muy ricas y queridas por sus clientes.
Solicita la ayuda de Kiva y de fundación paraguaya para la compra de insumos para poder seguir haciendo sus comestibles, como ser condimentos, verduras, hortalizas, carnes y demás. Ella y su grupo agradecen por la ayuda que reciben, pues les será de muy importante.

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
  • 53
    View loans »
    Paraguay Loans Fundraising
  • $29,537,050
    Funds lent in using Kiva
  • 4,340.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Virgen Del Carmen Group's $1,775 loan helped a member to buy condiments, greens, vegetables, meats and other ingredients.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 20, 2012
Listed
Jul 23, 2012
Currency Exchange Loss:
Covered
Ended:
Feb 15, 2013