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Virgen De Las Mercedes Group
In this Group: Eugenia, Salvadora, Ninfa, Ramona, Cristina, Juana, Milly, Ana, Nidia, Sonia, Laura, Marta, Nélida, Tereza*
* not pictured
This group is from the city of Curuguaty, it was established in the Las Mercedes neighborhood, and it goes by the name of Virgen la Mercedes. The group is in its third loan cycle of the women's communal bank. They are from a city which is a bit distant and is fighting to grow, to give better safety to all people.

One of the members in Ninfa who makes her living selling all types of food which she makes and is very much sought after. Ninfa comments that she also has gained a very good customer base, and that every day it is improving. She also speaks of how all of effort goes into helping her family via her work.

She is seeking this loan to invest in the purchase of supplies to continue preparing her dishes such as meat, vegetables, sauces, chicken and other supplies. She is grateful for the help that she is receiving.
View original language description ↓
Este grupo es de la ciudad de Curuguaty, se formó en el barrio las Mercedes, se denominaron como (Virgen la Mercedes) está en su tercer ciclo del programa de comité de mujeres, ellas son de una ciudad un poco alejada que está luchando por crecer, dar mayor seguridad para todas las personas.
Una de las integrantes es la Sra. Ninfa, quien se dedica a la venta de comestibles de todo tipo, que ella misma hace y lo cual es muy solicitado. Comenta también que se ha hecho de muy buena clientela, y que día a día está mejorando, cuenta además que todo su esfuerzo es para poder ayudar a su familia por medio de su trabajo.
Solicita de este crédito para poder invertirlo en la compra de insumos para poder seguir preparando sus comestibles, como ser carne, verduras, condimentos, pollo y demás insumos. Agradece por esta ayuda que está recibiendo.

Additional Information

More information about this loan

This loan is designed for poor clients living in rural areas with high levels of crime and social conflict. These clients, working primarily in agriculture, are often ineligible for credit from formal financial institutions because of the high-crime area they live in, their lack of adequate collateral (like a land title), and the likelihood of low agricultural production due to bad weather or pests. Fundación Paraguaya is committed to serving these clients with loans and other wraparound services tailored to their needs. It also provides clients working in agriculture with access to discounted training courses at a local agricultural school to teach them how to improve their crop yields.

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
  • 56
    View loans »
    Paraguay Loans Fundraising
  • $28,924,525
    Funds lent in using Kiva
  • 4,514.6
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Virgen De Las Mercedes Group's $3,225 loan helped a member to buy meat, vegetables, sauces, chicken and other supplies.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 17, 2013
Listed
Jul 17, 2013
Currency Exchange Loss:
Covered
Ended:
Jan 17, 2014