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Mujeres Unidas De Fernando Group
In this Group: Sonia, Olga, Olga, Vicenta, Claudia, Juliana, Maria, Maria, Laura, Celsa, Francisca, Juana, Cecilia, Marta, Limpia, Maria*
* not pictured
The group called "Mujeres Unidas de Fernando" is a very hardworking group, that thanks to the efforts of all of its members is in its 19th loan cycle. This group has participated in a survey to measure and eliminate poverty, and it was found that one of the members classifies as "level 1", or below the poverty line.

This bower is Maria. She is a very hardworking and enthusiastic person, who has a great desire to get ahead and help her family through her work. She sells all types of clothing and footwear, and has a very strong clientele who help her out a lot. Maria is currently asking for this loan in order to invest it in the purchase of various types of clothing and footwear, in order to stock her store and continue to provide a good selection of items to her clients.
View original language description ↓
El grupo llamado Mujeres Unidas de Fernando es un grupo muy trabajador y antiguo, que gracias al esfuerzo de todas las miembros ya están en el ciclo 19, lo cual es muestra del gran esmero de todas. Están haciendo la encuesta de eliminación de pobreza, donde una de las miembros esta en el nivel uno, con bajos ingresos.
Ella es Maria, quien es una persona muy entusiasta y trabajadora, tiene muchas ganas de salir adelante y ayudar a s familia por medio del trabajo que hace. Ella vende todo tipo de ropas y calzados, y cuenta que se ha hecho de muy buena clientela y eso la ayuda mucho.
Está solicitando el crédito para poder invertirlo en la compra de prendas y calzados de distinta variedad, para poder surtirse y seguir dando buena variedad a sus clientes y a la vez que la ayude en su plan de negocios.

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
  • 93
    View loans »
    Paraguay Loans Fundraising
  • $30,930,425
    Funds lent in using Kiva
  • 4,039.3
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Mujeres Unidas De Fernando Group's $6,325 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