A loan helped a member to refinance her debt and to have working capital to buy more ingredients.

Virgen De Fatima Group's story

The group was formed because of everyone's wish to get ahead. They decided on the goal of being able to grow, not only financially but also as people. They all help each other and seek to encourage everyone to unite together in work.

Sra. Arminda is worthy of mention. She earns her living making and selling cheese bread, a traditional Paraguayan food. She herself is responsible for preparing the food every day and then goes out into the streets to sell it. Arminda says that the work is very hard, but she does it as she is the provider for her household and family.

Due to the Covid-19 pandemic and the quarantine taking place throughout the country, Arminda says that sales have dropped considerably. This has led to loss of income and consequently her inability to fulfill her commitments. She is asking for this loan so she can refinance her debt and also to have working capital to buy more ingredients for the cheese bread.

Note: only one person appears in the photo although this is a group loan. It wasn't possible to have a group photo because groups are not allowed to meet during the Covid-19 pandemic.

In this group: Arminda, Lucy, Rossana, Maria, Ilsa, Longina, Celsa, Liduvina, Olga, Maria, Lucia, Dejesus, Saturnina, Apolonia, Blanca, Elva, Nilsa, Heidy, Liz

Translated from Spanish by Kiva volunteer Jane A.

This loan is special because:

It helps borrowers withstand negative economic impacts of the COVID-19 pandemic.

Loan details

Lenders and lending teams

Loan details