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Virgen Del Carmen Group
In this Group: Victoria, Fidelina, Alba, Tranquilina, Sonia, Olga, María, Carmen, Sonia, Emilse, Romina, Liz, Francisca, Olga, María, Guillermina, Cirila, Catalina, Mirian, Elaine, Guillermina*, Ana*, Patricia*, Juana*
* not pictured
The Virgen del Carmen communal bank is in its ninth loan cycle. It's made up of 24 women with different jobs. This group formed following some promotions that were made in the area. They're from the city of Paraguarí and they're getting ahead thanks to the work they do together.

One of these women is María, who makes a living sewing. She says that in the beginning she had a small workshop but that it has grown slowly thanks to her work. She shows herself to be a very hardworking person who wants to get ahead. This is why she makes a big effort to be able to get ahead.

She's requesting this loan to buy fabric, thread, buttons, zippers, and other supplies to be able to continue working and having the means to fulfill her customers' orders.
View original language description ↓
El comité Virgen del Carmen se encuentra en el noveno ciclo. Está conformado por 24 mujeres con diferentes actividades, este grupo se formó a partir de promociones realizadas en la zona. Ellas son de la ciudad de Paraguarí, y gracias al trabajo que hacen juntas están saliendo adelante.
Una de estas mujeres es la Sra. María quien se dedica a la costura, ella comenta que al principio empezó con un pequeño taller, pero que ha ido creciendo lentamente y gracias a su trabajo. Se define como una persona muy trabajadora y que quiere salir adelante, y es por eso que se esfuerza mucho para poder salir adelante.
Solicita de este crédito para la compra de telas, hilos, botones, cierres y demás, para poder seguir trabajando y teniendo los medios para cumplir con pedidos de sus clientes.

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
  • 71
    View loans »
    Paraguay Loans Fundraising
  • $30,816,725
    Funds lent in using Kiva
  • 4,168.9
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Virgen Del Carmen Group's $5,725 loan helped a member to buy fabric, thread, buttons, zippers, and other supplies.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 26, 2012
Listed
Feb 1, 2013
Currency Exchange Loss:
Covered
Ended:
May 17, 2013