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Virgen Del Rosario Group
In this Group: Alicia, Eliza, Rumilda, Rosa, Gloria, Victoria, Venincia, Sonia, Mirtha, Bernarda, Elizabeth, Lucia, Jorgelina*
* not pictured
“Virgen del Rosario” is a working group from Ciudad del Este. This is its sixth loan cycle with the committee program. The members have taken a poverty elimination survey and the results indicated that three of these women are below the poverty line and have very scant incomes.

One of the members is Sra. Jorgelina. By selling shoes, she has been able to make improvements in her life. All of this has been possible because she always offers good products and her customers like her. Jorgelina is pleased to be part of this group of women. As a result of her work, she has been able to help her family.

Jorgelina is requesting a loan so that she can invest in the purchase of shoes of all types, such as sports shoes, boots, slippers, sandals, and other items. This will help her to always provide a good variety to her customers.

View original language description ↓
Virgen del Rosario es un trabajador grupo de Ciudad del Este, está en su Sexto Ciclo del programa de comités, están haciendo la encuesta de eliminación de pobreza, donde tres de las señoras se encuentran por debajo de la línea de pobreza, con ingresos muy escasos.
Una de las integrantes es la Sra. Jorgelina, quien por medio de la venta de calzados que hace está teniendo mejoras en su vida, todo esto gracias a que siempre tiene buenos productos y les gusta a sus clientes. Está contenta por formar parte del grupo de mujeres, ya que De esa forma puede seguir ayudando a su familia por medio de su trabajo.
Solicita de este crédito para poder invertirlo en la compra de calzados de diferentes tipos, como ser calzados deportivos, botas, zapatillas, sandalias y demás, y de esa forma tener siempre una buena variedad que ofrecer a sus cliente.

Additional Information

More information about this loan

This loan is part of the innovative “Poverty Stoplight” program developed by Fundación Paraguaya for women living in poverty. A “stoplight” measurement tool is used to help borrowers self-identify the type of poverty that affects them most (lack of income, dearth of financial opportunities, poor living conditions etc.). Borrowers rate 50 areas of their life as green (not poor), yellow (poor) or red (extremely poor). Together with their loan officer, they come up with a plan to resolve yellow and red indicators. Through this program, Fundación Paraguaya hopes to lift 9,000 women and their families out of poverty by 2017.

To learn more about this unique approach to eliminating poverty, you can read this article on Fundación Paraguaya’s website.

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
  • 68
    View loans »
    Paraguay Loans Fundraising
  • $33,446,875
    Funds lent in using Kiva
  • 4,480.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Virgen Del Rosario Group's $3,575 loan helped a member to buy sports shoes, boots, slippers, sandals, and other items.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
May 30, 2013
Jul 7, 2013
Currency Exchange Loss:
Jan 17, 2014