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San Miguel Group
In this Group: Fermina, Sara, Alicia, Celestina, Eugenia, Lidia, Maria, Maria, Mari, Elva, Digna, Rufina, Luorde*, Maria*
* not pictured
The San Miguel group is working together in its third loan cycle thanks to that work. They are 14 women who help each other and strive for their families and their children.

One of the members is Digna, who showed a poverty level of two in her last survey. Digna says she makes a living selling perfume, and that thanks to her job she's giving her family everything they need to get ahead and not lack anything.

She's requesting this loan to buy more perfume and body lotion. This will help her firm up her business plan, which will help her improve her income.
View original language description ↓
El grupo San Miguel está trabajando junto y gracias a ese trabajo ya está en su tercer ciclo. Son 14 mujeres que están ayudándose las unas a las otras y luchan por sus familias y por sus hijos.
Una de las integrantes es la Sra. Digna, quien en su última encuesta mostró un nivel de pobreza dentro del nivel dos. Digna cuenta que se dedica a la venta de perfumes, y comenta que gracias a su trabajo está dando a su familia todo lo que necesitan para poder salir adelante y que no les falte nada.
La Sra. Solicita de este crédito para la compra de mas perfumes y cremas para el cuerpo, 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
  • 16
    View loans »
    Paraguay Loans Fundraising
  • $29,311,225
    Funds lent in using Kiva
  • 4,012.4
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of San Miguel Group's $3,325 loan helped a member to buy perfume and body lotion.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 15, 2013
Listed
Mar 19, 2013
Currency Exchange Loss:
Covered
Ended:
Jun 17, 2013