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Virgen De Fatima Group
In this Group: Maria, Gloria, Elisa, Ramona, Claudia, Celsa, Carmen, Salustiana, Rosalba, Elva, Zulma, Rosana, Carmen, Myrian, Fatima*
* not pictured
This group, called "Virgen de Fatima" is on its thirteenth loan cycle and, thanks to everyone's hard work, they are all moving forward. They are currently undergoing the poverty elimination survey which will help to identify each member's income. Three of the group's members live under the poverty line, meaning that they have a very, very low income.

One of the group's members in María whose survey showed her to be living under the poverty live. She tells us that she sells snack foods, like empanadas (pastries with either a meat or sweet filling), sandwiches, croquettes and more. Through this work she can help her family. María does her best every day as she wants to improve her income so as to help give her family what she herself could not have.

María is applying for this loan as she wants to buy flour, eggs, milk, condiments, meat and other supplies so as to be able to continue making the foodstuffs that she sells and thus continue pleasing her customers and generating an income for her family.
View original language description ↓
El grupo llamado Virgen de Fatima está en su ciclo número 13 donde gracias al trabajo que cada una están llevando adelante su grupo. Están haciendo la encuesta de eliminación de pobreza, el cual les ayudará a saber cuál es el ingreso que cada una hace, donde tres integrantes se encuentran por debajo de la línea de pobreza, es decir con un ingreso muy escaso.
Una de las integrantes es la Sra. Maria, quien en su encuesta se pudo ver que tiene ingresos por debajo del mínimo. Ella cuenta que vende comestibles, como ser empanadas, sándwiches, croquetas y demás, y es con esto que tiene los medios para poder ayudar a su familia. Ella es una persona que se esmera día con día
, ya que quiere mejorar sus ingresos, para poder dar a su familia lo que ella no pudo tener.
Solicita este crédito ya que quiere comprar harina, huevos, leche, condimentos, carne y demás insumos para poder seguir haciendo los comestibles que vende, y así seguir deleitando a sus clientes y generando los ingresos para su familia.

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
  • 75
    View loans »
    Paraguay Loans Fundraising
  • $30,204,950
    Funds lent in using Kiva
  • 4,069.9
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Virgen De Fatima Group's $3,300 loan helped a member to buy flour, eggs, milk, condiments, meat and other supplies.
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