A loan of $6,000 helped a member to buy liquor to sell.

Virgen Del Rosario Group's story

The communal bank "Virgen del Rosario" has been working with the Foundation since 2007 and has an excellent credit record. The group is located in the city of Paraguarí and is comprised of 16 women who are involved in different business activities. In addition to setting up their group to be able to access loans from the institution, they are motivated by the team work because they are all acquaintances and neighbors. The group has taken a poverty elimination survey and 50% of them are above the line, 40% are at the intermediate level and 10% below the line.

Carmen, who is the president of the group, sells liquor and through her work is able to get ahead and help her family. She is requesting a loan to buy liquor in general, as this will help her to continue to expand and increase her income.

In this group: Carmen, Modesta, Maria, Beba, Leonidas, Liz, Cirila, Hilaria, Dolly, Eleuteria, Julia, Olga, Alicia, Paola, Lorena, Mirian*
*not pictured

Translator profile picture

Translated from Spanish by Kiva volunteer Sherry Bess

Loan details

Lenders and lending teams

Loan details