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Medalla Milagrosa Group
In this Group: Gertrudis, Dionicia, Dionisia, Victoria, Maria, Laura, Victoria, Alicia, Irma, Angelina, Cleusa, Lorena, Nancy, Maria, Sonia
The communal bank group, Medalla Milagrosa, is made up of women from the city of Este. They are in their 13th cycle as a committee of women, in which they all work and help one another to get ahead. They want to give to their children what they were not able to have, which is what motivates them to work day after day.

Irma, one of the group members, sells a variety of types of drinks. She mentioned that her sales are going very well, especially on the weekends when they are more people. She said that her personal goal is to have a large store front someday soon. Irma has requested this loan to buy sodas, juices, beer, wine and other beverages, so that her business will be well stocked and she will be able to continue offering a good variety to her customers.
View original language description ↓
El grupo llamado Medalla Milagrosa son mujeres de Ciudad del Este están en su ciclo número 13º del programa de comité de mujeres, donde todas trabajan y se ayudan por salir adelante. Quieren dar a sus hijos lo que ellas no pudieron, y es por ello que trabajan de día a día.
Irma una de las miembros, ella se dedica a la venta de bebidas de todo tipo. Cuenta que sus ventas son muy buenas, en especial los fines de semana que es cuando más gente tiene, y cuenta también que su principal meta es poder tener un gran local de ventas el día de mañana.
Irma solicita de este crédito para la compra de gaseosas, jugos, cervezas, vinos y demás, ya que con ello podrá tener bien surtido su negocio y seguir dando buena variedad a 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
  • 128
    View loans »
    Paraguay Loans Fundraising
  • $31,646,375
    Funds lent in using Kiva
  • 4,159.2
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Medalla Milagrosa Group's $4,450 loan helped a member to buy sodas, juices, beer and wine, among other beverages.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 25, 2013
Listed
Apr 26, 2013
Currency Exchange Loss:
Covered
Ended:
Jul 17, 2013