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Virgen De Caacupe Group
In this Group: Myrian Beatriz, Luz , Maria , Isabel , Nidia , Gavina , Visitacion , Elodia , Justina , Miguelina , Limpia , Idalina , Ermelinda , Vicenta , Gloria , Nidia *, Marina *
* not pictured
Virgen de Caacupé is a communal bank, which is made up by 17 hard-working members. They are women eager to work and through their work they help each other and their families. A sample of their work is that they are already in the fourth cycle of the women’s entrepreneurs program and they want to remain together until the maximum level.

Myrian is the president and thanks to her leadership she can help her partners and lead the group to do well. Her desire is that her colleagues improve their lives through their own efforts and in this way feel useful.

Myrian says that she makes a living selling lingerie, which is going very well, since she has a good clientele. This helps to support her family´s expenses. She requested the loan because she wants to purchase a larger variety of lingerie with that she will innovate and attract more customers.
View original language description ↓
Virgen de Caacupe es un grupo muy trabajador que tiene 17 miembros, ellas son mujeres con muchas ansias de trabajar y por medio de su trabajo poder ayudarse las unas a las otras y de esa forma también ayudar a sus familias. Una muestra de su trabajo es que ya están en el cuarto ciclo, y desean poder seguir juntas hasta el máximo nivel del programa de mujeres emprendedoras.
Myrian es la presidenta, y gracias a su guía puede ayudar a sus compañeras y hacer que el grupo vaya bien. El deseo de ella es que sus compañeras mejoran sus vidas por medio de su propio esfuerzo para que de esa forma se sientan útiles. Myrian nos comenta que se dedica a la venta de lencería, en lo que le va muy bien, ya que tienen una buena clientela, y eso le ayuda apoyar a su familia con los gastos.
Solicito el crédito ya que quiere invertirlo en la compra de más variedades de lencería con lo que quiere innovarse y atraer a más 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
  • 57
    View loans »
    Paraguay Loans Fundraising
  • $37,911,075
    Funds lent in using Kiva
  • 4,265.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Virgen De Caacupe Group's $3,950 loan helped a member to purchase lingerie to sell.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Apr 11, 2012
May 14, 2012
Currency Exchange Loss:
Sep 15, 2012