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Virgen De Fatima Group
In this Group: Hermelinda, Maria, Eugenia, Liz, Pabla, Graciela, Sonia, Daniela, Yolanda, Diana, Antonia, Elvira, Pastora, Heriberta
In Caacupé city a group of fourteen women meet. These women want to move forward and work in order to help their families and leave their previous lives of poverty. They saw the opportunity to progress with this program and so they decided to form a committee.
Mrs. Heriberta is a member of this committee. She is asking for this loan in order to buy fabic to sew clothes. This is her main occupation and a way that she can help her family. Since she was little she has been working. Everything that she has earned in her life has been a product of her own struggle and effort. She is thankful for the opportunity to receive this loan, as it will be a great help to her.
View original language description ↓
En la ciudad de Caacupé se unieron 14 mujeres que quieren salir adelante y trabajar para poder ayudar a sus familias a dejar la pobreza atrás. Ellas vieron una gran oportunidad de progreso en el programa y decidieron formar su comité.
La señora Heriberta es integrante del comité, ella solicita su crédito para invertirlo en compra de telas para confección de ropas, ya que ese es su principal trabajo y por medio de esto ayuda a su familia.
Cuenta que desde pequeña ha trabajado y se ha esforzado, todo lo que construyo en la vida es producto de su lucha y fuerza. Agradece por esa oportunidad que recibe, pues le 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

  • $8,400
    Average annual income
  • 78
    View loans »
    Paraguay Loans Fundraising
  • $30,772,800
    Funds lent in using Kiva
  • 4,172.4
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Virgen De Fatima Group's $2,925 loan helped a member to buy fabric to make clothes.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 25, 2013
Listed
May 27, 2013
Currency Exchange Loss:
Covered
Ended:
Sep 22, 2013