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Maria Auxiliadora Group
In this Group: Diana, Nancy, Adolfina, Evangelista, Rossana, Ramona, Justina, Sandra, Emilce, Juana, Bentura, Tomasa, Emilia, Leisy, Alicia, Paola, Rosana, Marlene, Nelly, Aide*, Sindy*, Felicia*
* not pictured
The communal bank "María Auxiliadora" is in its tenth loan cycle and five of the members are below the poverty line, meaning they are at level red of the "traffic light".

One of the members is Marlene who was at level one on the last poverty survey. She sells fast food for a living and claims to have a very good customer base as her food is very good and popular. She is someone who has always worked and continues to do so to help her family.

She is requesting a loan to buy supplies to make the food she sells, such as vegetables, condiments, seasonings, meat and other items. She is grateful for this opportunity because she will able to continue with her work plans.
View original language description ↓
El grupo llamado María Auxiliadora está en su ciclo número 10, donde 5 de ellas están por debajo de la línea de la pobreza, es decir, se encuentran en el nivel rojo del semáforo.
Una de las integrantes es la Sra. Marlene, quien en su última encuesta mostró un nivel de pobreza dentro del nivel uno. Marlene se dedica a hacer comidas rápidas para la venta, cuenta que se ha hecho de muy buena clientela ya que sus comidas son muy ricas y a sus clientes les gusta mucho. Es una persona que siempre ha trabajo y lo sigue haciendo por ayudar a su familia.
Pide de este crédito para poder invertirlo en la compra de insumos para seguir haciendo los alimentos que vende, como ser verduras, condimentos, aderezos, carnes y demás. Agradece por la gran oportunidad que recibe, pues podrá seguir con su plan de trabajo.

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
  • 136
    View loans »
    Paraguay Loans Fundraising
  • $31,646,450
    Funds lent in using Kiva
  • 4,012.4
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Maria Auxiliadora Group's $5,750 loan helped a member to buy vegetables, condiments, seasonings, meat and other items.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 14, 2013
Listed
Mar 20, 2013
Currency Exchange Loss:
Covered
Ended:
Jul 17, 2013