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La Esperanza Group
In this Group: Natalia, Ramona, Ninfa, Maria, Blanca, Matilde, Griselda, Maria, Idalina, Amalia, Jasmin, Carolina, Benita, Lorenza, Zunilda, Pamela*
* not pictured
La Esperanza Group, of which three members live below the poverty line, is in its third loan cycle. The women are struggling to improve their lives and help their families by putting themselves to work. One of the members, Mrs. Ramona, who finds herself in level two poverty according to the most recent survey, has a small Kiosk where she works every day from the early morning hours until late. Her dream is to be able to go on growing her business to achieve better revenues and help her family. She is taking out this loan to buy grocery items, which will allow her to stock her business and go on with the means to support her family.
View original language description ↓
La Esperanza está en su tercer ciclo, donde 3 de las mujeres están por debajo de la línea de la pobreza. Ellas están luchando por mejorar sus vidas y ayudar a sus familias por medio de su trabajo.
Una de las integrantes es la Sra. Ramona, quien en su última encuesta mostró un nivel de pobreza dentro del nivel dos. Ella tiene un pequeño Kiosko donde trabaja todos los días desde muy tempranas horas y hasta muy tarde. Su sueño es poder seguir creciendo para tener mejores ingresos y así ayudar a su familia.
Solicita de este crédito para la compra de comestibles, los cuales le servirá para poder surtir su negocio y seguir teniendo los medios para ayudar a sus familiares.

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

  • $8,400
    Average annual income
  • 138
    View loans »
    Paraguay Loans Fundraising
  • $31,646,450
    Funds lent in using Kiva
  • 3,965.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of La Esperanza Group's $2,925 loan helped a member to buy in grocery items for sale.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 24, 2013
Listed
Feb 23, 2013
Currency Exchange Loss:
Covered
Ended:
Jun 17, 2013