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San Ramon Group
In this Group: Cecilia, Maria, Nancy, Eusebia, Liliana, Brigida, Dionicia, Maria, De Los Angeles, Bernabela, Carolina
The communal bank San Ramon, in its first loan cycle, works together and helps one another to move forward by organizing group activities. The members are participating in the poverty reduction survey, and six of them live below the poverty line and are struggling to get ahead.

Eusebia, one of the members, was living at level two in the last survey. Her hard work, constant efforts, and behavior typical of a successful woman have helped her improve her economic situation. She is a merchant. She sells everything her neighbors need from her well-stocked shop. She says the business began small, but it is growing with her hard work. She is applying for a loan to buy vegetables, baked goods, milk products, and other items to sell and keep offering her customers variety.
View original language description ↓
El grupo San Ramon está en su primer ciclo donde todas trabajan y se ayudan por salir adelante organizando actividades de manera grupal. Están haciendo la encuesta de eliminación de pobreza, donde 6 se encuentran por debajo de la línea de pobreza y luchan por salir adelante.
Una de las integrantes es la Sra. Eusebia, quien en su última encuesta mostró un nivel de pobreza dentro del nivel dos. A través del esfuerzo y el trabajo continuo y la aplicación de los comportamientos vitales de una mujer exitosa, ella se encuentra mejorando su situación de pobreza. Ella se dedica a las ventas, ya que tiene una despensa bien surtida con todo lo que necesitan sus vecinos. Comenta que empezó con un pequeño negocio, pero gracias a su esfuerzo está creciendo.
Solicita de este crédito para la compra de verduras, panificados, lácteos y demás insumos para poder seguir con sus ventas y ofreciendo buena variedad a sus clientes.

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
  • 70
    View loans »
    Paraguay Loans Fundraising
  • $28,785,675
    Funds lent in using Kiva
  • 3,939.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of San Ramon Group's $1,575 loan helped a member to buy vegetables, baked goods, milk products, and other items.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 22, 2013
Listed
Feb 22, 2013
Currency Exchange Loss:
Covered
Ended:
Aug 17, 2013