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Virgen Del Rosario Group
In this Group: Carmen Beatriz, Modesta , Maria, Beba , Leónida , Gladys , Liz , Cirila , Hilaria , Dolly , Eleuteria , Julia , Olga , Alicia , Lizandra , Lorena *, Paola *, Mirian *
* not pictured
This group is made up of eighteen very active women. They always work with enthusiasm and unity. Carmen, one of the members, is the president of the group and has the job of guiding them and maintaining the unity of the group. They are in their twelfth loan cycle with this program. Carmen sells all kinds of drinks, such as beer, soft drinks, wine, etc. She tells us that through this work she makes progress and is coming out ahead, and also helping her family. She wishes to continue growing and in this way increase her income.
She is requesting the loan in order to buy drinks, such as soft drinks, wine, and other items, with which she'll stock up and supply her business and in this way fulfill her customers' demand.
View original language description ↓
El grupo está integrado por 18 mujeres muy activas, ellas trabajan siempre con mucho entusiasmo y unidad, la Srta. Carmen, una de las miembros, ella es la presidenta del grupo y tiene la labor de guiarlas y mantener la unidad del grupo, están en el ciclo número 12 del programa.
Carmen vende bebidas de todo tipo, como ser cervezas, gaseosas, vinos, etc. Comenta que por medio de este trabajo progresa y está saliendo adelante y también ayuda a su familia. Ella desea seguir creciendo y de esa forma aumentar sus ingresos.
Solicita el crédito para la compra de bebidas, como ser gaseosas, vinos, y demás, con lo cual puede abastecerse y surtirse y así cumplir con la demanda de 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

  • $4,555
    Average annual income
  • 49
    View loans »
    Paraguay Loans Fundraising
  • $28,281,075
    Funds lent in using Kiva
  • 4,432.4
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Virgen Del Rosario Group's $5,525 loan helped a member to buy soft drinks, wine, and other items.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 24, 2012
Listed
Oct 20, 2012
Currency Exchange Loss:
Covered
Ended:
Feb 15, 2013