Funded

Total loan: $3,125
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Virgen De Fátima Group

Paraguay
Ita, Paraguay / Retail

A loan of $3,125 helped a member buy merchandise, raw materials, and animals for their businesses.


Virgen De Fátima Group's story

The Virgen de Fátima Communal Bank is an excellent bank that was formed on the 19th of January, 2009, in the city of Capiatá.

This group was formed thanks to Galdys P., current Director of Finance, who was previously a member of a communal bank. She was able to get together 18 members. Her neighbors and friends are among the members. They are working in the fourth cycle with the Committee for Enterprising Women Program.

The members of this group will use the loan for their different activities such as buying fruits and vegetables, buying ingredients to make food, buying notions, buying merchandise for the grocery store (sugar, rice, dried leaves for tea, pastries, dairy products, and meat, etc), selling home-grown chickens, selling ice cream, making crochet, buying fabrics to make clothes, buying articles for the bookstore, and buying fish, etc.

This is a very active group. All of the members demonstrate camaraderie and solidarity. They attend weekly meetings, and they carry out activities to collect funds for the common good of the group.

It is one of the best groups to be found working with the Paraguaya Foundation because most of the group members are continuing activities from the first loan. This way they demonstrate camaraderie and solidarity.

In this group: María , Rita, Felipa, Gladys , Rosalina, Cristina, Ceferina , Marta, Luisa , Claudelina, Cinthia, Gabriela, Margarita, Teresa, Ester, Limpia, Elvira , María
*not pictured

Translated from Spanish by Kiva volunteer Ginny Kalish



Loan details

Loan length:

6 months
Disbursed date: November 28, 2009
Facilitated by Field Partner: Fundación Paraguaya

Lenders and lending teams



Loan details

Loan length:

6 months
Disbursed date: November 28, 2009
Facilitated by Field Partner: Fundación Paraguaya