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Virgen De Fatima Group
In this Group: Fanny Paola, Blanca, Leticia , Carmen , Marina , Shirley , Francisca , Maria , Lidia , Carmen
Communal bank Virgen de Fátima was born out of the initiative of one of its members and is currently in its first cycle. It is made up of 10 members.
Blanca is a hard worker who sells all kinds of perfumes. She says she'd faced many difficulties in life and now works hard because she doesn't want her family to live through the same. Her dream is to have everything her family needs so they can progress in life.
Blanca is asking for this loan to buy all kinds of perfumes and offer a greater variety to her customers. She is grateful for this advancement opportunity granted to her and her friends.
View original language description ↓
El comité Virgen de Fátima, se conformo con la iniciativa de una de las miembros y actualmente se encuentran en el primer ciclo, con 10 integrantes.
Blanca es trabajadora y cuenta que se dedica a la venta de todo tipo de perfumes, cuenta que en su vida tuvo que pasar por muchas necesidades y es por ello que se esfuerza, ya que no quiere que su familia pase por lo mismo. Su sueño es tener todo lo que ellos necesiten y de esa forma puedan salir adelante.
Solicita el crédito para poder surtirse con todo tipo de perfumes y así dar más variedad a sus clientes. Agradece por esta oportunidad de progreso que ella y sus amigas 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
  • 61
    View loans »
    Paraguay Loans Fundraising
  • $27,639,125
    Funds lent in using Kiva
  • 4,395.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Virgen De Fatima Group's $1,550 loan helped a member to purchase perfumes to sell.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 16, 2012
Listed
Sep 19, 2012
Currency Exchange Loss:
Covered
Ended:
Apr 17, 2013