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Virgen De Itati Group
In this Group: Dellys, Miguelina, María, Antonia, Edith, Cinthia, Yolanda, Juliana, Claudina, Estela, Pabla, Laura, Laura
This group is from the city of Encarnación and came about as a result of promotions being conducted in the area. The members have been working with the foundation since 2010 and are on their 10th loan cycle. The women are heads of family who struggle to get ahead so they can help their families and give them a decent life that is not underprivileged.

One of the members of the group is María, who sells food as a street vendor. She says she has a very good clientele because of her delicious dishes. She is a talented cook so business is going very well. She is requesting a loan to buy supplies so she can continue her business. She will buy meat, vegetables, condiments and other items which will help her business.

The group is grateful for this opportunity as it will benefit the members greatly.
View original language description ↓
Este grupo de la ciudad de Encarnación surgió por promociones realizadas en la zona, trabajan con la fundación desde el año 2010 y están en su ciclo numero 10. Son mujeres jefas de familia, que se esfuerzan por salir adelante, ayudar a sus familias y darles una vida digna sin privaciones.
Una de las integrantes del grupo es la Sra. María, ella se dedica a la venta de comidas en forma ambulante, y cuenta que ya tiene muy buena clientela gracias a las delicias que prepara, es una persona con mucho talento para la cocina y es por eso que le va muy bien. Ella solicita de esta ayuda para poder invertir en insumos para poder seguir haciendo sus alimentos, como ser carnes, verduras, condimentos y demás, ya que esto la ayudará mucho.
El grupo agradece por la oportunidad que están recibiendo, ya que les será 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
  • 51
    View loans »
    Paraguay Loans Fundraising
  • $28,564,525
    Funds lent in using Kiva
  • 4,083.7
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Virgen De Itati Group's $4,650 loan helped a member to buy meat, vegetables, condiments and other items.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 16, 2013
Listed
Feb 16, 2013
Currency Exchange Loss:
Covered
Ended:
Jun 17, 2013