Check out some available loans that are similar to this one!
Mujeres Victoriosas 2 Group
In this Group: Herminia, Gladys, Petrona, Sebastiana, Dominga, Julia, Elena, Francisca, Teodolina, Silvia, Eugenia, Lourdes, Patricia, Anuncia*
* not pictured
The group called Mujeres Victoriosas II (Victorious Women II) is making an inquiry into eliminating poverty, where three of the members are improving their lives in order to pull out of level one. They are in their fourth cycle.

One of the members is Sebastiana. She is one of the members in level one. She works selling undergarments. She says she makes sacrifices for her work, as there is a lot of competition, but she puts forth her best effort in order to get ahead. She knows that she needs to do her best in order to grow and she is doing it.

She is asking for this loan in order to invest it in the purchase of undergarments which she will sell and to have the means to support her family and also to satisfy her customers.
View original language description ↓
El grupo llamado Mujeres Victoriosas II está haciendo la encuesta de eliminación de pobreza, donde 3 de las miembros están mejorando sus vidas para poder salir del nivel uno. Están ahora en su cuarto ciclo.
Una de las integrantes es la Sra. Sebastiana es una de las miembros que esta en nivel uno, ella trabaja en la venta de ropas interiores. Cuenta que su trabajo es muy sacrificado, ya que hay mucha competencia, pero que se esfuerza al máximo por salir adelante. Ella está consciente de que debe esforzarse mucho por crecer y eso está haciendo.
Solicita de este crédito para poder invertirlo en la compra de ropa interiores, los cuales podrá vender y tener los medios para ayudar a su familia y también cumplir con 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
  • 61
    View loans »
    Paraguay Loans Fundraising
  • $27,639,125
    Funds lent in using Kiva
  • 4,012.2
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Mujeres Victoriosas 2 Group's $3,625 loan helped a member to buy undergarments to sell.
100% repaid
Repayment Term
23 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Feb 18, 2013
Listed
Mar 18, 2013
Currency Exchange Loss:
Covered
Ended:
Oct 17, 2014