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Virgen De Lourdes Group
In this Group: Delia, Olga, Nidia, Gladys, María, Cyntia, Sandra, Gloria, Irmina, Cilene, Justa, Claudia, Fabia*, Sulma*, Viviana*
* not pictured
The Virgen de Lourdes communal bank was formed thanks to the initiative of one of the members who wanted to be able to help other women in her community and also her family. This community is in a poor, rural zone of the city of Curuguaty and the majority of the members work in agriculture. Sandra is one of these, and she says she raises and sells farm animals. Through this work, she strives to give her family what they need to have a decent life free from hardship. Sandra is a very hardworking person who strives daily to get ahead and improve her life. She requests this loan to be able to buy feed for her animals so she can keep working and striving. She is thankful to receive this opportunity to continue improving her life.
View original language description ↓
El comité “Virgen de Lourdes” se formó con la iniciativa de la una de las integrantes, que quiso poder ayudar a sus compañeras, y también a su familia, esta comunidad es de una zona humilde y rural de la ciudad de Curuguaty, donde las integrantes en su mayoría se dedican a trabajos de campo.
Sandra es una de ellas, y cuenta que se dedica a la cría y venta de animales de corral, con lo cual está luchando para poder dar a sus familias lo que necesitan para una vida digna y sin privaciones.
Ella es una persona muy trabajadora que lucha diariamente por salir adelante y e ir mejorando su vida.
Pide este préstamo para poder invertirlo en la compra de balanceados para sus animales, con lo que podrá seguir trabajando y luchando. Agradece por esta oportunidad que recibe de seguir mejorando su vida.

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.

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About Paraguay

  • $4,555
    Average annual income
  • 65
    View loans »
    Paraguay Loans Fundraising
  • $29,035,975
    Funds lent in using Kiva
  • 4,434.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Virgen De Lourdes Group's $4,075 loan helped a member to buy animal feed.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 4, 2013
Listed
Nov 3, 2013
Currency Exchange Loss:
Possible
Ended:
May 22, 2014