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Virgen Del Carmen Group
In this Group: Cinthya, Angela, Lilia, Delia, Rossana, Maria, Francisca, Marciana, Daniela, Genara, Olga, Rosana, Francisca, Teodosia
The Virgen del Carmen Communal Bank was born with the effort and support of another communal bank that was found working in the area. The group is from the city of San Lorenzo. They established the growth of each one of them, as much social as financial, as their main objective. All of them are recognized in the area as very hard-working women.

Olga is a very enterprising and innovative woman. She makes and later sells all types of food. She is a very self-sacrificing woman. She says that every day she gets up in the very early hours of the morning in order to go buy the fresh ingredients for her food.

She says that over time she has gotten a good customer base. Thanks to her work she has been able to get ahead.

She is requesting the loan to buy meat, chicken, spices, noodles, rice, and finally, everything she will need to make her food. She is grateful to the Fundación for the opportunity it offers her.
View original language description ↓
El comité Virgen del Carmen nace mediante la gestión y el apoyo de otro comité que se encontraba trabajando en dicho lugar. Este grupo es de la Ciudad de San Lorenzo, fijaron como objetivo principal el crecimiento de cada una de ellas, tanto social como económicamente, todas ellas son reconocidas en el lugar como mujeres muy trabajadoras.
La Sra. Olga, es una mujer emprendedora e innovadora, ella se dedica a la elaboración y posterior venta de comidas de todo tipo. Ella es una mujer muy sacrificada, pues cuenta que todos los días se levanta a muy tempranas horas de la mañana para ir a comprar los ingredientes frescos para sus comidas. Ella dice que con el correr del tiempo ya tiene una clientela bien formada. Gracias a su trabajo ella ha podido salir adelante.
Ella solicita el crédito para la compra de carne, pollo, especias, fideos, arroz, en fin, todo lo que necesitara para la elaboración de sus comidas. Ella agradece a la Fundación por la oportunidad que le brinda.

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
  • 56
    View loans »
    Paraguay Loans Fundraising
  • $37,911,075
    Funds lent in using Kiva
  • 3,905.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Virgen Del Carmen Group's $1,950 loan helped a member to buy meat, chicken, rice, and noodles to make food.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Jun 30, 2011
Aug 1, 2011
Currency Exchange Loss:
Nov 15, 2011