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Virgen De Fatima Group
In this Group: Gabriela Herminia, Paola , Amelia , Ana , Verinica , Elsa , Margarita , Cristina , Jorgelina , Juana , Francisca
In the city of Encarnacion, 11 women got together and formed a group so that they could all help each other. They are in their 4th loan cycle. Each of these women wants to grow their business and help their family.

Jorgelina is part of this group. She has a store in her house, and thanks to the help of this group and her talent for sales, she is growing her business and it's doing very well. She says that she is married to Maximo, who is a bricklayer, and they have 2 children, for whom she and her husband work arduously.

Jorgelina is requesting a loan to buy drinks, dairy products, vegetables and other products to stock up her store.
View original language description ↓
En la ciudad de Encarnación, 11 mujeres se unieron y formaron un grupo para ayudarse las unas a las otras. Ellas están en su cuarto ciclo y la meta de todas es ir creciendo y ayudando a sus familias.
La Sra. Jorgelina, es parte de este desafío, ella tiene su despensa en su casa, y gracias a la ayuda de su grupo y a su talento para las ventas está creciendo y le va muy bien. Cuenta que está casada con el señor Máximo de profesión albañil, tienen 2 hijos, por quienes el y su marido trabajan arduamente.
Jorgelina solicita de este crédito para la compra de bebidas, lácteos, verduras y demás productos para poder abastecer su negocio.

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
  • 132
    View loans »
    Paraguay Loans Fundraising
  • $31,646,450
    Funds lent in using Kiva
  • 4,469.9
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Virgen De Fatima Group's $1,725 loan helped a member to buy drinks, dairy products, vegetables and other products.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 16, 2012
Listed
Nov 13, 2012
Currency Exchange Loss:
Covered
Ended:
Mar 15, 2013