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Medalla Milagrosa Group
In this Group: Ramona Salvadora, Ignacia, Mariela, María, Elvira, Santa, María Teresa, Marisa, Rosa, Marisol, Lilian, Nilsa, Vicenta, Alicia, Maríacristina, María Graciela*
* not pictured
The group “Medalla Milagrosa” (Miraculous Medallion) is in the city of Encarnación. Thanks to its members who have worked together and helped one another, they have reached their eighth loan cycle. They say that they look forward to continuing on toward the highest level.


One of the group members is Sra. Ignacia, who sells handicrafts and baked goods. She says that she is requesting a loan so that she can buy supplies for making pastries and breads. Ignacia says that she is very grateful for the opportunity she has received so that she can improve her family’s income.


The rest of the members are very pleased as well. They want to continue growing and the training classes have been a great help.

View original language description ↓
El grupo Medalla milagrosa es de la ciudad de Encarnación, gracias a que las miembros trabajan juntas y se ayudan, ya están en su octavo ciclo y miran para adelante diciendo que seguirán hasta el máximo nivel.
Una de las integrantes del grupo es la Sra. Ignacia, ella se dedica a la venta de manualidades y repostería. Y cuenta que solicita este crédito para la compra de insumos para la elaboración de masas dulces y panificados, ella se encuentra muy agradecida ya que gracias a la oportunidad que recibe podrá mejorar sus ingresos y el de su familia.
Todas las demás miembros están muy contentas también, ya que van creciendo y las capacitaciones les son 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
  • 60
    View loans »
    Paraguay Loans Fundraising
  • $28,869,750
    Funds lent in using Kiva
  • 4,469.8
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Medalla Milagrosa Group's $3,550 loan helped a member to buy supplies for making pastries and breads.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 31, 2012
Listed
Nov 20, 2012
Currency Exchange Loss:
Covered
Ended:
Mar 15, 2013