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Virgencita De Caacupe Group
In this Group: Myrian Ines, Ana , Graciela , Ramona , Laura , Sonia , Raquela , Candida , Tomasa , Liz , Francisca , Magdalena , Mirian , Norma
The Group "Virgencita de Caacupe" is located in Chaco, they are going through their third cycle, and they tell us that thanks to the support they give each other they are getting ahead and help each other to improve their lifestyle. Ana is one of the members of the group and sells brooms, even though her job is difficult and she has to make sacrifices she is proud of what she does because it's the way she supports her family. She requests a loan to buy brooms, to increase her stock and meet the demand of her customers. She is thankful for the opportunity that her and her group members get.
View original language description ↓
El Comite Virgencita de Caacupe esta ubicado en el Chaco, estan en el tercer ciclo, y cuentan que gracias al apoyo en conjunto de todas ellas están saliendo adelante y se ayudan a mejorar su estilo de vida.
La Sra Ana, una de las integrantes se dedica a la venta de escobas, y aunque es un trabajo difícil y sacrificado está orgullosa de lo que hace, ya que es el medio por el cual mantiene a su familia. Ella solicita el crédito para la compra de escobas, con lo cual tendrá un buen stock y de esa forma seguir cumpliendo con la demanda de sus clientes. Agradece por la oportunidad que ella y sus compañeras reciben.

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
  • 49
    View loans »
    Paraguay Loans Fundraising
  • $27,439,000
    Funds lent in using Kiva
  • 4,380.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Virgencita De Caacupe Group's $1,950 loan helped a member to buy brooms for sale.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 26, 2012
Listed
Jul 27, 2012
Currency Exchange Loss:
Covered
Ended:
Oct 15, 2012