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Virgen De Las Mercedes Group
In this Group: Marcelina , Bonifacia, Liz Mercedes, Lorenza, Sonia Romero , Fabiana Noceda, Mariana , Cirila, Cecilia, Guillermina*
* not pictured
The communal bank "Virgen de las Mercedes" is in its second loan cycle. The ten women members are heads of household who are hopeful the foundation's program will help them. With that in mind, they joined together with the hope of getting very far.

Marcelina, the president, is a person with great potential and was elected by her friends for that reason. She is a hard worker and always enthusiastic, so she motivates her colleagues. She is requesting a loan to buy supplies for her grocery store. She wants to buy canned goods, sodas, bakery products, noodles and other items.

She and her colleagues are grateful for this opportunity, because not only will they benefit from it themselves, but also their families.
View original language description ↓
El grupo virgen de las mercedes está en su segundo ciclo, son 10 mujeres jefas de familia que muy esperanzadas en que el programa de la fundación les ayude, es por ello que se unieron, empiezan a trabajar juntas y quieren llegar muy lejos.
Marcelina, la presidenta, es una persona con gran potencial, por lo que sus amigas la eligieron, es trabajadora y por sobre todo tiene un gran entusiasmo siempre, con lo que motiva a sus compañeras. Ella solicita del crédito para la compra de insumos para su despensa, ya que quiere poder surtirlo con enlatados, gaseosas, panificados, fideos, y demás.
Ella y sus compañeras agradecen por esta gran oportunidad que reciben, pues no solo ellas serán beneficiadas, sino también sus familias.

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
  • 74
    View loans »
    Paraguay Loans Fundraising
  • $30,816,725
    Funds lent in using Kiva
  • 4,469.9
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Virgen De Las Mercedes Group's $1,275 loan helped a member to buy canned goods, sodas, bakery products, noodles and other items.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 19, 2012
Listed
Nov 16, 2012
Currency Exchange Loss:
Covered
Ended:
May 17, 2013