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Virgen De Los Milagros Group
In this Group: Cinthia, Delia, Lucia, Guillerma, Maria, Emerite, Victorina, Maria, Pabla*, Florencia*
* not pictured
The “Virgen de los Milagros” committee is made up of some very united and responsible women. They say that they have a great desire to work and get ahead, both with the group and with their families.

Cinthia is one of the ladies and she sells clothing. She is a hardworking person with a great desire to continue growing her business. She herself says that the only way to get ahead is to work hard for what she wants.

She is asking for this loan to buy clothing so that she will have a wider assortment and can continue working. This group is grateful for the assistance they receive that allows them to help their families.
View original language description ↓
El Comité de Mujeres se llama “Virgen de los Milagros”. Las señoras son muy unidas, responsables y solidarias, cuentan que tienen muchas ganas de trabajar y salir adelante, tanto con el grupo y familiarmente.
Una de ellas es la Sra. Cinthia, quien trabaja en la venta de ropas. Ella es una persona muy trabajadora y tiene muchas ansias de seguir creciendo en su negocio. Ella misma dice que la única forma de salir adelante es trabajando y luchando por lo que uno quiere.
Solicita de este crédito para la compra de ropas, con lo que tendrá más variedad y podrá seguir trabajando. Este grupo agradece por la ayuda que recibe, ya que les permite ayudar a 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
  • 93
    View loans »
    Paraguay Loans Fundraising
  • $31,344,150
    Funds lent in using Kiva
  • 4,273.8
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Virgen De Los Milagros Group's $1,325 loan helped a member to buy clothing.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Nov 30, 2012
Listed
Dec 25, 2012
Currency Exchange Loss:
Covered
Ended:
Jun 17, 2013