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La Victoria Group
In this Group: Rosa Margarita, Marta , Ramona , Maria , Maria , Teresita , Maria , Basilia , Laudelina , Estelvina , Lorenza , Narcisa , Valentina , Rosana , Serafina , Susana *, Matilde *
* not pictured
This communal bank is called "The Victory" to honor the day-by-day struggle to survive. This group is in its 10th loan cycle, and they have succeeded through the unity of all the members.

Señora Rosa, who is the president, tells us that with great effort and sacrifice she helps her family and is paying the day-to-day expenses. She sells every type of food, such as empanadas, sandwiches, croquettes, and other items. She has a good customer base, since all her products are very good, and this helps her a lot. Her goal is to some day have a big fast food counter and thus continue to delight her customers.

She is applying for the loan to purchase eggs, flour, meat, condiments, and other ingredients that she needs so that she can continue with her work. She is thankful for the opportunity that she and her friends receive from Kiva and Fundación Paraguaya.
View original language description ↓
El comité se Denomina “La victoria” en honor a la lucha que representa luchar día a día para sobrevivir. El grupo está en su decimo primer ciclo y lo han logrado por medio de la unión de todas ellas.
La Sra. Rosa quien es la presidenta cuenta que con mucha lucha y sacrificio ayuda a su familia y esta solventando el día a día de los gastos. Cuenta que vende todo tipo de comidas, como ser empanada, sándwich, croquetas y demás. Tiene buena clientela ya que todos sus productos son muy buenos y eso le ayuda mucho. Su meta es algún día poder tener un gran copetín y así seguir deleitando a sus clientes.
Solicita el crédito para la compra de huevos, harina, carne, condimentos y demás insumos que necesita para poder seguir con su trabajo. Agradece por la oportunidad que ella y sus amigas reciben de Kiva y fundación paraguaya.

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
  • 48
    View loans »
    Paraguay Loans Fundraising
  • $28,086,875
    Funds lent in using Kiva
  • 4,380.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of La Victoria Group's $3,825 loan helped a member to buy eggs, flour, meat, condiments, and other ingredients.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 26, 2012
Listed
Jul 27, 2012
Currency Exchange Loss:
Covered
Ended:
Feb 15, 2013