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Kuña Guapa Group
In this Group: Juliana, Nidia, Maria, Ursula, Amada, Benancia, Mirian, Romina, Irmina, Cecilia, Nora, Gladys, Evangelina, María, Evangelista, Gladys*, Ester*
* not pictured
There are 17 members in this group in the city of Asunción. Thanks to everybody's work to move forward in life, the group is now on its nineteenth cycle. They are currently undergoing the poverty elimination survey in order to establish how much each person has as an income.

One of the group's members is Cecilia who, thanks to her work, has been able to improve her financial situation vastly and thus help her family. One way she makes a living is selling different types of foods. This is going very well for her as her dishes are delicious and sought after by her customers. Cecilia's goal is to continue working and helping her family as she has been doing, as well as to improve her financial situation.

Cecilia is applying for this loan to buy the ingredients to prepare her dishes, such as meat, vegetables, condiments, eggs, flour and more. This will help her to realise her business plan and thus improve her income.
View original language description ↓
17 son las mujeres que integran este grupo de la ciudad de Asunción. Gracias a que todas trabajan por salir adelante ya están en su ciclo numero 19. Ellas están haciendo la encuesta de eliminación de pobreza, que les ayuda a saber cuál es el ingreso de cada una.
Una de las integrantes es la Sra. Cecilia quien gracias al trabajo que está haciendo pudo mejorar bastante su economía y así ayuda a su familia. Entre el trabajo que ella hace se dedica a la venta de comestibles de todo tipo, y en lo cual le va muy bien ya que sus comidas son muy ricas y solicitadas por sus clientes. La meta de Cecilia es seguir trabajando y ayudando a su familia como lo viene haciendo, y también mejorar su economía.
La Sra. Solicita de este crédito para la compra de los ingredientes para la elaboración de los comestibles, como ser carne, verduras, condimentos, huevos, harina, etc. 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
  • 27
    View loans »
    Paraguay Loans Fundraising
  • $28,082,175
    Funds lent in using Kiva
  • 4,069.9
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Kuña Guapa Group's $4,625 loan helped a member to buy meat, vegetables, condiments, eggs, flour and more.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 19, 2013
Listed
Apr 17, 2013
Currency Exchange Loss:
Covered
Ended:
Aug 17, 2013