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13 Belen Group
In this Group: Martina, Perla, Jenifer, Pablina, Maria, Catalina, Liza, Leonidas, Norma, Blanca, Limpia, Lucia, Elisa, Lidia, Aurora, Porfiria, Gabi, Gloria
All 18 members of the committee named “13 Belen” are from the District of San Lorenzo and are very responsible. All of them participated in the Poverty Elimination Program in 2011 and 2012 so that they could know the state of their incomes. Today they are all at a good income level. All of the members are responsible and hardworking mothers who always gather together to resolve any problems within the group and to help their community.

Maria is one of the members of this group. She sells natural remedies such as “mate” and “tereré” (traditional Paraguayan beverages). Maria’s work requires great sacrifice, but it enables her to help her family. She wants to provide them everything so that they do not have to live without. This is the reason why she is willing to make sacrifices.

Maria is requesting a loan so that she can invest in the purchase of natural medicines. As a result, she will be able to continue her sales in the same manner as she has until now.
View original language description ↓
El comité 13 Belen son todas de la zona de San Lorenzo son 18 integrantes muy responsables, todas participaron del programa de eliminación de pobreza en el año 2011 y año 2012 el cual les permite saber en qué estado están sus ingresos. Hoy todas están en un nivel con buenos ingresos. Todas son mamas muy responsables y trabajadoras se reúnen siempre para resolver cualquier problema del grupo y ayudan a su comunidad.
Maria es una de las integrantes de este grupo, ella se dedica a la venta de remedios naturales que son para mates y terere (bebidas tradicionales paraguayas). Ella cuenta que es un trabajo muy sacrificado, pero que lo hace por ayudar a su familia, ella quiere poder darles todo lo que ella no pudo tener y es por ellos que se sacrifica.
Solicita de este crédito para poder invertirlo en la compra de medicina natural, y así poder seguir con sus ventas como lo viene haciendo hasta hoy.

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
  • 141
    View loans »
    Paraguay Loans Fundraising
  • $31,646,450
    Funds lent in using Kiva
  • 4,159.4
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of 13 Belen Group's $5,625 loan helped a member to buy natural medicines to sell.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 25, 2013
Listed
May 16, 2013
Currency Exchange Loss:
Covered
Ended:
Aug 17, 2013