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La Alegria Group
In this Group: Gladys, Rosalba, Alama, Felicita, Maria, Laliana, Cecilia, Maria, Adriana, Catalina, Evarista, Ada, Damasia, Claudia
The group called La Alegria ("The Joy") is in its first cycle of the program from the women's committee, where almost all participate in productive activities and everyone helps each other get ahead. They are making a survey on the elimination of poverty which allows them to know the economic situation they are in. The group consists of 14 women, more than 70% of whom have now risen above the poverty line, meaning they now make an average income. Felicita is part of this group. She dedicates herself to giving manicures, and provides great service with which she moves ahead with the work she does. Her clients themselves provide publicity and that is how she has gained popularity.With a lot of sacrifice and effort, she is achieving. She is asking for this loan to buy nail polish, acetone, nail files, and other products to be able to continue doing her work and this gain more income for her family.
View original language description ↓
El grupo llamado La Alegria está en su ciclo número 1 del programa comité de mujeres, donde casi todas tienen actividades productivas y donde todas se ayudan por salir adelante. Están haciendo la encuesta de eliminación de pobreza el cual les permite saber en qué situación económica se encuentran, están integradas por 14 señoras de las cuales más de 70% ya superaron la línea de pobreza, es decir tienen un ingreso medio.
Felicita es parte de este grupo, ella se dedica a la manicura, hace muy buen servicio y es con ello que está saliendo adelante con el trabajo que hace. Sus clientes mismos son quienes le hacen publicidad y así va ganándose una buena fama. Ella con mucho sacrificio y esfuerzo está saliendo adelante.
Solicita de este crédito para la compra de esmaltes, acetonas, limas, y demás productos para poder seguir haciendo el trabajo que hace y así también mejorar la economía de 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
  • 17
    View loans »
    Paraguay Loans Fundraising
  • $29,311,225
    Funds lent in using Kiva
  • 4,159.4
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of La Alegria Group's $2,500 loan helped a member to buy nail polish, acetone, nail files, and other products.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 22, 2013
Listed
Apr 21, 2013
Currency Exchange Loss:
Covered
Ended:
Nov 17, 2013