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Medalla Milagrosa Group
In this Group: Bonifacia, Maria, Agueda, Maria, Guillermina, Dionicia, Hermelinda, Luz, Alicia, Mariana
The Medalla Milagrosa [Miraculous Medal] Group is in its second loan cycle of the women’s committee program. It is located in the city of Repatriación, in the district of Caaguazú, which is a somewhat remote area that is still developing.

One of the members of the group is Maria, who has a small store. Her wish is for the members of the group to help each other, so that as time goes by, they can improve their and their families’ lives and find better futures. She is requesting this loan to buy products for her business, such as noodles, sugar, bread, candies and various other items that are necessary for setting up a small store.
View original language description ↓
El grupo llamado Medalla Milagrosa está en su ciclo número 2 del programa de comité de mujeres, es de la ciudad de Repatriación distrito de Caaguazú, la cual es una zona un poco alejada de la zona céntrica y aun se encuentra en crecimiento.
La Sra. Maria es una de las integrantes, quien tiene su pequeña despensa, quiere que conforme pase el tiempo, y por medio de la ayuda de sus compañeras puedan ir mejorando sus vidas y las de sus familias, también poder procurar para ellos un mejor futuro.
Solicita de este crédito para la compra de productos para su negocio, como ser fideos, azucares, panes, golosinas y articulos varios que son de primera necesidad para montar un pequeño almacén de consumo.

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
  • 50
    View loans »
    Paraguay Loans Fundraising
  • $28,129,575
    Funds lent in using Kiva
  • 4,035.5
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Medalla Milagrosa Group's $1,850 loan helped a member to buy noodles, sugar, bread, candies and various other items for her store.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 26, 2013
Listed
Mar 25, 2013
Currency Exchange Loss:
Covered
Ended:
Sep 22, 2013