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Virgen Del Carmen Group
In this Group: Silvia, Teresa , Rosana , Josefa , Salvadora , Julia , Silvia , Francisca , Daniela , Dominga , Cristina , Gladys , Liz , Isabel *
* not pictured
The Virgen del Carmen group is from the city of Curugaty and consists of 14 women who are neighbors, friends and parents. All of them work and help each other to make headway and to reach their dreams. Salavadora is one of the members, and she works selling clothing. She says it is very difficult with all the competition, but she likes what she does and tirelessly fights for her family. She is requesting the loan to purchase more clothing items and in this way offer more variety to her customers. The group members are grateful for the opportunity they are getting and think it will be very helpful.
View original language description ↓
El comité Virgen del Carmen es uno más situado en la ciudad de Curuguaty con 14 mujeres las cuales son vecinas, amigas y parientes, y todas trabajan y se ayudan por salir adelante y velar por sus sueños.
Salvadora es parte de este grupo, y trabaja en la venta de ropas, cuenta que es muy difícil la competencia hoy en día, pero le gusta lo que hace y lucha por su familia, y no se cansa, solicita de este crédito para poder tener más prendas y de esa forma dar mejor variedad a sus clientes.
Ellas agradecen por la oportunidad que reciben, pues les es de mucha ayuda.

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
  • 36
    View loans »
    Paraguay Loans Fundraising
  • $29,459,275
    Funds lent in using Kiva
  • 4,464.5
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Virgen Del Carmen Group's $1,775 loan helped a member to purchase clothes to sell.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 17, 2012
Listed
Nov 14, 2012
Currency Exchange Loss:
Covered
Ended:
May 17, 2013