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Virgen Del Rosario Group
In this Group: Angelica, Maria, Lucia, Myryan, Cristina, Blanca, Nimia, Luz, Maria, Judiht*, Evelin, Maria, Lidia, Nilsa*, Jessica
* not pictured
Virgen del Rosario is the group formed in the city of Luque. Thanks to the effort they are making, they are in their 12th cycle with the committees program. They are helping each other to be able to get ahead and to be improving.

Angelica is the president of this group. She sells drinks and cell phone charges. The work she is doing to be able to get ahead and to be able to improve her family’s life needs to be emphasized.

Angelica is requesting this loan to buy drinks. This will help her to firm up her business plan. It will help her to improve the income with which she will be able to help her family.
View original language description ↓
Virgen del Rosario es el grupo formado en la ciudad de Luque, gracias al esfuerzo que están haciendo ya están en su ciclo número doce del programa de comités, ellas están ayudándose para poder salir adelante e ir mejorando.
La Sra. Angelica es la presidenta de este grupo, quien se dedica a la venta de bebida y carga para teléfonos celulares, también se debe destacar el trabajo que ella está haciendo para poder salir adelante y poder mejorar su vida y la de su familia. La Sra. Angelica solicita de este crédito para la compra de Bebidas en general lo que le ayudará a tener a concretar su plan de negocio, el cual le ayudará a mejorar sus ingresos y poder ayudar a su familia con ello.

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
  • 95
    View loans »
    Paraguay Loans Fundraising
  • $31,557,250
    Funds lent in using Kiva
  • 4,425.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Virgen Del Rosario Group's $4,025 loan helped a member to buy drinks to sell.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 28, 2013
Listed
Sep 29, 2013
Currency Exchange Loss:
Covered
Ended:
Jan 17, 2014