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Patricia Group
In this Group: Gladys, Margarita, Nancy, Zunilda, Lidia, Mirtha, Perla, Ramona, Marcia, Noelia, Lidia
"Patricia" is a group in the city of Encarnación, composed of 11 women in their 4th loan cycle. All of the women are participating in the study to eliminate poverty, and none of them fall below the poverty line thanks to the work that they have been doing. One of the group members, Nancy, was categorized as "level 3" when she took the survey. Through hard work and effort she has been growing her business and maintaining her family. She has her own shop from which she serves her neighbors, and thanks to her good clients has improved her economic situation substantially.

Nancy is asking for this loan in order to buy good such as drinks and dairy products in bulk. This way, she will be able to continue providing her clients with the goods that they need.
View original language description ↓
Patricia es un grupo de la ciudad de Encarnación, que está integrado por 11 mujeres, quienes están en su ciclo 4to, donde todas están haciendo la encuesta de eliminación de pobreza, donde ninguna de las 11 se encuentran por debajo de la línea de pobreza gracias al trabajo que han hecho.
Una de las integrantes es la Sra. Nancy, quien en su última encuesta mostró un nivel de pobreza dentro del nivel tres. A través del esfuerzo y el trabajo que ella hace esta creciendo y manteniendo a su familia. Ella tiene su propia despensa donde surte a sus vecinos del barrio y gracias a su buena atención y precios se ha hechos de muy buena clientela, lo que le ayuda mucho a mejorar su economía.
Ella solicita el crédito para la compra de productos a granel, bebidas, lácteos y demás, ya que con eso quiere seguir dando a su clientela todo lo que necesitan.

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
  • 128
    View loans »
    Paraguay Loans Fundraising
  • $31,646,450
    Funds lent in using Kiva
  • 4,039.3
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Patricia Group's $2,350 loan helped a member to buy products in bulk such as drinks, dairy products, and more.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 22, 2013
Listed
Mar 23, 2013
Currency Exchange Loss:
Covered
Ended:
Jul 17, 2013