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Virgen Del Carmen Group
In this Group: Victoria , Fidelina , Alba , Maria , Tranquilina , Sonia , Olga , Carmen , Catalina , Sonia , Emilse , Romina , Veronica , Maria , Marta , Francisca , Carmen*, Maria*, Elsa*
* not pictured
In the city of Paraguarí, a group of women met with the objective of finding out more about the benefits offered by our institution and they considered it to be a good opportunity. They decided to create their Communal Bank and they called it Virgen del Carmen. They have committed themselves to keep their group together, always treating each other with respect. Currently they are on their fifth cycle of the institution’s Entrepreneurial Women Program.
Maria is one of the group members. She sells silver jewelry and says she always has several different products, hence attracting more customers. She says that thanks to this work she has been able to get through in life and help all her relatives.
She is asking for this loan to purchase rings, chains and other jewelry in order to stock her business and supply her customers’ demand.
View original language description ↓
En la Ciudad de Paraguarí, se reunieron un grupo de mujeres con el fin de conocer más sobre los beneficios ofrecidos por la Fundación Paraguaya, el cual les resulto una buena oportunidad, es por eso que decidieron formar el comité, el cual lleva por nombre Virgen del Carmen, ellas han asumido el compromiso de mantener el grupo juntas, siempre bajo un marco de respeto mutuo. Ellas actualmente se encuentran en el Quinto ciclo del programa de mujeres emprendedoras de la fundación.
Una de las integrantes es la señora Maria se dedica a la venta de joyas de plata, comenta que siempre tiene mucha variedad, por lo que atrae a más clientes. Dice que gracias a este trabajo ella ha podido salir adelannte y de esa forma ayudar a todos sus familiares.
Ella solicita el crédito para la compra de anillos, pulseras, cadenas y demás tipos de joyas, con las cuales podrá abastecerse y cumplir con la demanda de sus clientes.

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
  • 52
    View loans »
    Paraguay Loans Fundraising
  • $38,032,600
    Funds lent in using Kiva
  • 4,370.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Virgen Del Carmen Group's $3,275 loan helped a member comprar anillos, pulseras, cadenas y demás tipos de joyas.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Oct 26, 2011
Nov 23, 2011
Currency Exchange Loss:
Mar 15, 2012