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Virgen De Carmen Group
In this Group: Francisca, Graciela, Antonia, Patricia, Cristina, Evelin, Miryan, Bernardina, Dora, Elva, Zonia, María, Martha, Vidania, Maxima, Angela, Karina, Natalia, Mirian, Karent*
* not pictured
This group of enterprising women goes by the name "Virgen del Carmen" and is on its fifth loan cycle as part of the Women's Committee programme. The group currently has twenty members, characterised by their sense of responsibility, their excellent reputation for paying off their loans and for their participation in training sessions.

One story worth telling is that of 62 year old Maxima, who has been making a living selling foods from her fast food cart for some 30 years. Every day, regardless of the weather, Maixma gets up to prepare her "chipas" (a cheesy buns), meat pies and chicken nuggets. Her husband helps her with this and then she goes out to sell her products. Maxima is very hard-working and enterpresing and wants to keep fighting so that she can have a decent life.

Maxima is applying for this loan in order to buy supplies such as meat, flour, eggs, condiments and more. With this she will be able to continue making her sales.
View original language description ↓
Este grupo de Mujeres Emprendedoras que lleva por nombre Virgen del Carmen se encuentra en el 5to. Ciclo del programa de Comité de Mujeres con 20 integrantes actualmente, se caracteriza por su responsabilidad, excelente cumplimiento en el pago y participación en las capacitaciones.
Una de las historias dignas de destacar es el de la señora Maxima de 62 años que se dedica a la venta de comestibles en su copetín hace 30 años aproximadamente, ella todos los días de la semana sin importar las condiciones del tiempo se levanta a preparar sus chipas, empanadas y milanesas con la ayuda de su marido y luego se traslada a su lugar de ventas. Es una persona muy trabajadora y emprendedora, que quiere seguir luchando para que el día de mañana tenga una vejez digna.
Solicita de este crédito para la compra de insumos para sus comestibles, como ser carne, harina, huevos, condimentos, y demás, ya que con ello podrá seguir con sus ventas.

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
  • 17
    View loans »
    Paraguay Loans Fundraising
  • $29,453,750
    Funds lent in using Kiva
  • 4,158.2
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Virgen De Carmen Group's $6,050 loan helped a member to buy meat, flour, eggs, condiments and more.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 26, 2013
Listed
Apr 28, 2013
Currency Exchange Loss:
Covered
Ended:
Aug 17, 2013