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San Blas Group
In this Group: Eva, Zunilda, Maria, Liz, Sonia, Lorenza, Maria, Marissela, Angelica, Monica, Angelina, Maria, Estefania, Nadia, Eladia
The communal bank San Blas is in its 20th loan cycle with the women's program, in which all the members work and help each other to get ahead. They are participating in the poverty reduction survey, and one person lives below the poverty line.

Maria, one of the members, was living at poverty level one, according to the last survey. She sells clothing and shoes, a business which helps her give her family the best so that it doesn't go without basic items like she did. She is applying for a loan to buy seasonal clothing and shoes, which will help her firm up her business plan and increase her income.
View original language description ↓
El grupo llamado San Blas está en su ciclo número 20º del programa de comité de mujeres, donde todas trabajan y se ayudan por salir adelante. Están haciendo la encuesta de eliminación de pobreza, donde 1 persona se encuentra por debajo de la línea de pobreza.
Una de las integrantes es la Sra. Maria quien en su última encuesta mostró un nivel de pobreza dentro del nivel uno. Ella se dedica a la venta de ropas y calzados, y con esto está saliendo adelante y trata de dar lo mejor a su familia y evitar que pasen necesidades como las que ella tuvo que pasar.
La Sra. Solicita de este crédito para la compra de ropa y calzados de temporada lo que le ayudará a tener a concretar su plan de negocio, el cual le ayudará a mejorar sus ingresos.

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
  • 55
    View loans »
    Paraguay Loans Fundraising
  • $28,760,275
    Funds lent in using Kiva
  • 3,965.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of San Blas Group's $5,250 loan helped a member to buy clothing and shoes to sell.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 24, 2013
Listed
Feb 24, 2013
Currency Exchange Loss:
Covered
Ended:
Jun 17, 2013