Check out some available loans that are similar to this one!
Mujeres En Progreso Group
In this Group: De La Paz, Clementina, Ana, Nimia, Felicia, Edith, Elena, Juana, Nilce, Mariela, Gloria, Lina, Maria, Isabel, Maria*
* not pictured
The group called "Mujeres en Progreso" (Women in Progress) is in its 11th loan cycle. The group has participated in a survey related to the elimination of poverty, and the results of the survey found that one of the group members, Maria, falls below the poverty line. Despite her meager income, Maria works very hard to grow and improve her condition day by day.

Maria works selling clothing and footwear, and she is trying to improve her economic situation through her hard work and dedication. Additionally, the trainings she has received as part of the microfinance lending group she belongs to have been very helpful for her as she applies what she has learned to her business.

At this time, Maria is asking for a loan in order to buy clothing and footwear of the season, which will help her to finalize her business plan and improve her earnings.
View original language description ↓
El grupo llamado Mujeres en Progreso está en su ciclo número 11º , están haciendo la encuesta de eliminación de pobreza, donde una de ellas está por debajo de la línea de ingresos mínimo. Ella es Maria, quien pese a ello se esfuerza para ir creciendo y día a día mejorar.
Ella se dedica a la venta de prendas y calzados, y está tratando de mejorar su economía por medio de su esfuerzo y dedicación. Además de eso las capacitaciones que recibe le han sido de mucha ayuda para aplicarlo a sus negocios.
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
  • 76
    View loans »
    Paraguay Loans Fundraising
  • $29,572,900
    Funds lent in using Kiva
  • 4,039.3
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Mujeres En Progreso Group's $4,475 loan helped a member to buy clothing and footwear to sell.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 22, 2013
Listed
Apr 4, 2013
Currency Exchange Loss:
Covered
Ended:
Jul 17, 2013