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8 De Diciembre Group
In this Group: Guillermina, Marta, Karen, Maria, Celia, Antonia, Dolly, Alba, Jessica, Rosa, Lilian, Analia, Claudia, Alicia, Vicenta*
* not pictured
The group called "8 de Diciembre" [December 8th] is in its fourteenth cycle with the committee program, where everyone works and helps one another to get ahead. They are carrying out a poverty elimination survey; five members find themselves below the poverty line, but they work hard to get ahead.

One of the group members is Marta; in her last survey, she showed a poverty level within level one. She says that she makes a living in selling foods, clothing, and in other activities; through this, she has the means to to be able to help her family and to give them everything they need. She is defined as a very fighting and self-sacrificing person.

Marta is requesting this loan to invest in the purchase of items, so that she will be able to continue offering a great variety of products to her customers.
View original language description ↓
El grupo llamado 8 de Diciembre está en su ciclo número 14 del programa de comité, donde todas trabajan y se ayudan por salir adelante. Están haciendo la encuesta de eliminación de pobreza, donde cinco integrantes se encuentran por debajo de la línea de pobreza, pero se esfuerza por salir adelante.
Una de las integrantes es la Sra. Marta, quien en su última encuesta mostró un nivel de pobreza dentro del nivel uno. Ella comenta que se dedica a la venta de comidas, venta de ropas y otras actividades con lo cual tiene los medios para poder ayudar a su familia y darles todo lo que necesitan. Ella se define como una persona muy luchadora y sacrificada.
Marta solicita de este crédito para poder invertirlo en la compra de prendas, ya que con ello podrá seguir ofreciendo gran variedad a 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

  • $8,400
    Average annual income
  • 59
    View loans »
    Paraguay Loans Fundraising
  • $33,435,825
    Funds lent in using Kiva
  • 4,035.5
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of 8 De Diciembre Group's $4,925 loan helped a member to buy items to sell.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Feb 26, 2013
Mar 25, 2013
Currency Exchange Loss:
Jul 17, 2013