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Virgen De Guadalupe Group
In this Group: Silvia Nohemi, Dora , Marta , Felicita , Blanca , Noelia , Miguela , Lorena , Estela , Diana , Norma , Ada , Adela , María , Dionisia , Ana , Estela , María
The members of this group have been working together for ten years, and thanks to their job and their effort they are already working their eight cycle, thus showing it is possible to progress in life through hard work and dedication.
Miguela is one of the members: she engages in selling soft drinks and she also has a volleyball court in her yard. Miguela has told us that thanks to her group and to the foundation’s help she is progressing in life and her condition has greatly improved.
She is requesting a loan to buy soft drinks to supply her shop, thus keeping on serving her customers.
View original language description ↓
Este grupo trabaja unido desde hace dos años, gracias a su trabajo y lucha ya están en el octavo ciclo. Demuestran que con trabajo y dedicación se puede salir adelante.
Una de ellas es la Sra. Miguela quien se dedica a la venta de bebidas y también tiene una cancha de vóley en su casa. La Sra. Miguela nos cuenta que gracias a su grupo y a la ayuda de la fundación está saliendo adelante y ha mejorado mucho.
Ella solicita el crédito para la compra de bebidas, con lo cual podrá surtir su negocio y seguir abasteciendo a sus clientes.

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
  • 93
    View loans »
    Paraguay Loans Fundraising
  • $30,930,425
    Funds lent in using Kiva
  • 4,403.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Virgen De Guadalupe Group's $4,725 loan helped a member to buy soft drinks.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 13, 2012
Listed
Sep 18, 2012
Currency Exchange Loss:
Covered
Ended:
Jan 15, 2013