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Santa Catalina Group
In this Group: Juliana, Silvia, Eydie, Rosalba, Rossana, Digna, Liliana, Lida, Graciela, Mirian, Lorenza, Maria, Natalia, Magdalena, Mercedes, Maria, Lidia*, Carmen*, Griselda*
* not pictured
The communal bank "Santa Catalina" is in its first loan cycle through the women's program. The members all work and help each other mutually to get ahead. When taking the poverty elimination survey, it was found that two of the members are below the poverty line.

On the survey she took, one of the members, Digna, showed a very low income and was below the poverty line. She wants to get ahead and is working hard to do so. She sells clothing and wants to increase her income.

She is requesting a loan to buy all kinds of clothing so she can keep working and offer a wide variety of goods to her customers. This loan will allow her to invest in her business.
View original language description ↓
El grupo llamado Santa Catalina está en su ciclo número 1º del programa de comité de mujeres, donde todas trabajan y se ayudan por salir adelante. Están haciendo la encuesta de eliminación de pobreza, donde dos de las señoras se encuentran por debajo de la línea de pobreza.
Una de las integrantes es la Sra. Digna, ella mostró en su última encuesta de eliminación de pobreza tener un ingreso muy bajo, estando por debajo de la línea de la pobreza. Ella es una persona que desea salir adelante y es por eso que se esfuerza mucho, se dedica a la venta de ropas y por medio de este trabajo quiere aumentar sus ingresos.
Solicita este crédito para la compra de prendas de todo tipo, para poder seguir trabajando y ofreciendo buena variedad a sus clientes, este préstamo le permitirá invertir en su emprendimiento.

Additional Information

More information about this loan

This loan is part of the innovative “Poverty Stoplight” program developed by Fundación Paraguaya for women living in poverty. A “stoplight” measurement tool is used to help borrowers self-identify the type of poverty that affects them most (lack of income, dearth of financial opportunities, poor living conditions etc.). Borrowers rate 50 areas of their life as green (not poor), yellow (poor) or red (extremely poor). Together with their loan officer, they come up with a plan to resolve yellow and red indicators. Through this program, Fundación Paraguaya hopes to lift 9,000 women and their families out of poverty by 2017.

To learn more about this unique approach to eliminating poverty, you can read this article on Fundación Paraguaya’s website.

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

  • $4,555
    Average annual income
  • 66
    View loans »
    Paraguay Loans Fundraising
  • $29,035,975
    Funds lent in using Kiva
  • 4,083.7
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Santa Catalina Group's $2,575 loan helped a member to buy clothing to sell.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 16, 2013
Listed
Feb 16, 2013
Currency Exchange Loss:
Covered
Ended:
Jun 17, 2013