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Medalla Milagrosa Group
In this Group: Gertrudis, Dionicia, Nelida, Dionisia, Dora, Victoria, Fatima, Maria, Miguela, Laura, Jorgelina, Victoria, Alicia, Angelina, Erma, Irma*
* not pictured
The Medalla Milagroa communal bank is in its 12th cycle with 16 members. It is a group that stands out in the neighborhood for being very united, supportive, and responsible. The members have different business activities, and they do work to raise funds for their group.

Fatima is part of this group. She sells all types of drinks. She says that it keeps getting better and better for her because with the hot weather she has improved sales. She is a very hard-working person. Ever since she was young she has worked, and she is not afraid of any challenge.

She is requesting this loan to buy beer, wine, soft drinks, energy drinks, and other drinks in order to be able to stock her business with a greater variety of drinks.
View original language description ↓
El comité se llama “Medalla Milagrosa ” están en el Décimo Segundo Ciclo con 16 integrantes, es un grupo que se destaca en el barrio por ser muy unidas, solidarias y responsables, las mismas cuentan con actividades diferentes, y realizan labores para la recaudación de fondos para el comité.
Fatima es parte de este grupo, ella vende todo tipo de bebidas, y comenta que cada vez le va mejor, ya que con el clima cálido tiene mejores ventas. Ella es una persona muy trabajadora, que desde joven ha trabajado y no teme a ningún desafío.
Solicita de este crédito para poder invertirlo en la compra de cervezas, vinos, gaseosas, energizantes y demás bebidas para poder surtir su negocio con más variedad de ellas.

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
  • 67
    View loans »
    Paraguay Loans Fundraising
  • $28,811,550
    Funds lent in using Kiva
  • 4,182.5
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Medalla Milagrosa Group's $4,375 loan helped a member to buy beer, wine, soft drinks, energy drinks, and other drinks.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 20, 2012
Listed
Jan 17, 2013
Currency Exchange Loss:
Covered
Ended:
Apr 17, 2013