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Virgen De Fatima Group
In this Group: Josefina, Juana, Mirian, Elena, Myrian, Marta, Basilia, María, Teresa, Dorcas
The Virgen de Fátima communal bank has 10 members in their second loan cycle. All are hardworking and modest women. The bank is located in the Virgen de Fátima neighborhood, which is why the bank has that name.

One of these women is Basilia. She makes a living selling used clothing, with which she has the means necessary to support her family and give them what they need.

Her goal is to have many more garments to offer to her customers, so she's requesting this loan to be able to invest in buying all types of clothing for resale.
View original language description ↓
El Comité " Virgen de Fátima ", es un comité con 10 integrantes, se encuentran en el segundo ciclo. Todas son mujeres trabajadoras y humildes, el comité está situado en el barrio virgen de Fátima, es por eso que lleva ese nombre.
Una de estas mujeres es la señora Basilia, quien se dedica a la venta de ropas de segunda mano, con lo que tiene los medios necesarios para mantener y dar a su familia lo que necesitan. Ella tiene como meta tener muchas mas prendas que poder ofrecer a sus clientes, es por eso que solicita de este crédito, para poder invertirlo en la compra de prendas de todo tipo para revender.

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
  • 90
    View loans »
    Paraguay Loans Fundraising
  • $30,816,725
    Funds lent in using Kiva
  • 4,209.5
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Virgen De Fatima Group's $1,350 loan helped a member to buy used clothing.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 17, 2012
Listed
Jan 14, 2013
Currency Exchange Loss:
Covered
Ended:
Aug 17, 2013