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Adonai Group
In this Group: Juana, Maria, Catalina, Maria, Lucia, Laura, Maria, Norma, Maria, Luz, Lesli, Clotilde, Angelina
The Adonai group is from the San Lorenzo region. The members are women who rose out of poverty in 2011; a lot of work was done with each one of them and their families by means of a survey about the eradication of poverty.

For example, Juana, the president, has a well-stocked storeroom, with which she helps her family. With this business, she has been able to grow and improve her earnings.

She is requesting this loan in order to invest in the purchase of supplies for her stock of food, such as meat, drinks, bread, milk, vegetables, and other items.
View original language description ↓
El comite de Adonai es de la zona de San Lorenzo, las miembros son señoras que salieron de la pobreza en el 2011 se trabajo mucho con cada una de ellas y sus familias por medio de la encuesta de eliminación de la pobreza.
La señora Juana, la presidenta, por ejemplo tiene una despensa bien surtida, con la que ayuda a su familia y con este negocio ha podido ir creciendo y mejorando sus ingresos.
Solicita de este crédito para invertirlo en la compra de insumos para su despensa, como ser carne, bebidas, pan, leche, verduras y demás.

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
  • 49
    View loans »
    Paraguay Loans Fundraising
  • $29,519,225
    Funds lent in using Kiva
  • 4,014.7
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Adonai Group's $4,425 loan helped a member to purchase meat, drinks, bread, milk, vegetables, and other items.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 21, 2013
Listed
Feb 18, 2013
Currency Exchange Loss:
Covered
Ended:
Jun 17, 2013