Funded

Total loan: $4,250
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El Milagro Group

Paraguay
Paraguari, Paraguay / Food Stall

A loan of $4,250 helped a member buy natural skin creams, cough syrups and other products.


El Milagro Group's story

In the city of Paraguarí, 15 kilometers from the neighborhood of San Roque, a group of women met in order to form a committee and take out a loan. They wanted to hear more about the program, and chose to join because of the various benefits afforded to them by the program. The group is call El Milagro (“The Miracle”), and is currently in its 9th loan cycle, with an excellent credit rating. The group is made up of 19 hard-working women, who strive their hardest to improve their quality of life, both for themselves and for their families. All of the group members are hard-working women and have invested their loans in their respective businesses. One of these women is Mrs. Dionicia C., who sells “yuyo” remedies (natural herbs used in teas for certain ailments). She sells these remedies in the local market, where she has a small stand. She starts working very early each morning in order to offer her products to her clients. Her work requires a lot of sacrifice, but she is grateful for her job, because it helps support her family and allows her children to go to school and get ahead in life. She is thankful to Fundación Paraguaya for this loan, which she will use to buy certain products her clients have requested, like natural skin creams, natural cough syrups and other items.

In this group: Barbara, Gladys, Mary , Mirna, Jorgina, Matilde, Andresa, Rosa, Teresa, Adolfina, Gloria, Patricia, Aurora, Sandra, Máxima, Dionisia, Norma, Nadia, Kattiana
*not pictured



Loan details

Loan length:

6 months
Disbursed date: January 20, 2010
Facilitated by Field Partner: Fundación Paraguaya

Lenders and lending teams



Loan details

Loan length:

6 months
Disbursed date: January 20, 2010
Facilitated by Field Partner: Fundación Paraguaya