Check out some available loans that are similar to this one!
Manantial Group
In this Group: Daniela, Maria, Edilia, Albina, Margarita, Gloria, Myrian, Floria, Liz, Armanda, Aurelia, Ramona, Sonia, Odilia, Mercedes, Daisi, Maria, Andrea, Norma, Raimunda, Veneranda*
* not pictured
This group, called "El Manantial", is composed of members who live in Ciudad del Este. This group is in its 13th loan cycle, and none of the members report incomes below the poverty line as they have all been working very hard to grow their businesses and support their families.

One of the group members is Armanda, who sells clothing of all types. She is a very good saleswoman and demonstrates this with the amount of clients that she has. She tells us that at the beginning business was not so easy, but now she has good experience and has been able to grow her sales.

Armanda is asking for this loan in order to buy various types of clothing, including shirts, shorts, jeans, and more, in order to continue her sales and comply with her clients' orders.
View original language description ↓
El grupo se denomina El Manantial, las integrantes viven en Ciudad del Este están en su ciclo número 13 del programa de comité. Están haciendo la encuesta de eliminación de pobreza, donde ninguna se encuentra por debajo de la línea de pobreza, ya que han trabajado arduamente por crecer y ayudar a sus familias.
Una de las integrantes es la Sra. Armanda, quien vende prendas de todo tipo. Ella es muy buena en las ventas y lo demuestra con la cantidad de clientela que ya tiene. Ella dice que al principio le fue un poco difícil, pero que hoy ya está muy afianzada y está creciendo.
Solicita de este crédito para la compra de prendas de todo tipo, como ser camisas, remeras, shorts, jeans y demás, para poder seguir con sus ventas y cumpliendo con el pedido de 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
  • 73
    View loans »
    Paraguay Loans Fundraising
  • $29,035,975
    Funds lent in using Kiva
  • 4,039.3
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Manantial Group's $4,150 loan helped a member to buy shirts, jeans, shorts, and more.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 25, 2013
Listed
Mar 23, 2013
Currency Exchange Loss:
Covered
Ended:
Jul 17, 2013