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Virgen Maria Group
In this Group: María , Francisca , Maria , Claudia , Victar , Norma , Marta , Mirian , Luisa , Simona , Liliana
This committee was formed on January 27th, 2011. With a lot of effort and hard work they are now on their 1st loan cycle. Besides the independent activities each one of the members has, they also work together to built up investment capital so they can help their families.

Ms. Francisca R. who sells vegetables says that the loan helped her to improve her business, living conditions and income. She says that her business helps her household economy (she is the only supporter of the household), and is enabling her to give an education to her kids. Ms. Francisca says that the activities conducted with the Foundation are very important to the committee because they helped improve the committee's work skills and self-esteem.

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
  • 91
    View loans »
    Paraguay Loans Fundraising
  • $35,138,225
    Funds lent in using Kiva
  • 4,580.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Virgen Maria Group's $1,325 loan helped a member buying vegetables.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Jan 28, 2011
Feb 16, 2011
Currency Exchange Loss:
Aug 15, 2011