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Mujeres En Progreso Group
In this Group: Mirna, Deolinda, Graciela, Flora, Andrea, Nicolza, Ramona, Felicita, Angelica, Valentina, Cypriana, Dolly*, Casilda, Mirina, Sonia, Felicita, Lucina, Eugenia, Arminda
* not pictured
The communal bank "Mujeres en Progreso" is in its 11th loan cycle. When these 19 women took the poverty elimination survey, it was found that 3 of the members are below the poverty line, but they have a strong desire to work to make progress and get ahead.

One of the members is Deolinda, who in the last survey was found to be at poverty level 1, which is below the poverty line. She says that in order to begin to improve her life she started up a grocery store, where she works arduously, because this business will be a great help to her. She is requesting a loan to stock up her store with all types of basic consumer goods. With this investment she will be able to continue with her business plan, and also help improve her family's living conditions.
View original language description ↓
El grupo llamado Mujeres en progreso está en su Décimo primer ciclo .Estas 19 señoras están haciendo la encuesta de eliminación de pobreza, donde 3 señoras se encuentran por debajo de la línea de pobreza, pero están con muchas ansias de salir adelante y trabajar para mejorar.
Una de las integrantes es la Sra. Deolinda, quien en su última encuesta mostró un nivel de pobreza dentro del nivel uno, que es por debajo de la línea de la pobreza. Ella cuenta que para empezar a mejorar su vida puso una despensa, en la que trabaja arduamente, ya que eso le será de muchísima ayuda.
Ella solicita de este crédito para poder surtir su despensa con todo tipo de artículos de primera necesidad, ya que con eso podrá seguir con su plan de negocios y ayudando también a su familia a mejorar sus condiciones de vida.

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
  • 45
    View loans »
    Paraguay Loans Fundraising
  • $28,281,050
    Funds lent in using Kiva
  • 4,016.1
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Mujeres En Progreso Group's $5,050 loan helped a member to buy basic consumer goods to stock up her store.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 18, 2013
Listed
Feb 17, 2013
Currency Exchange Loss:
Covered
Ended:
May 17, 2013