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Las Amapolas Group
In this Group: Liliana, Erotida, Benedicta, Andrea, Gabriela, Justa, Marlene, Nelda, Rosa, Ermelinda, Maria, Maria, Juana, Nardy, Alba, Maria*, Natalia*
* not pictured
The communal bank "Las Amapolas" is in its fourth loan cycle of the women's committee program. According the survey on elimination of poverty, which is a way of determining each member's economic situation, four of these women are below the poverty line with a very low income.

Justa is one of the members of the group and she is a talented, hard-working person. She is very good at what she does and this is why things are going well for her. She works as a seamstress to earn a living to support her family. Her customers are her best publicity because she always does a good job. She is grateful for this opportunity because it will help not only her but also her family.

She is requesting a loan to buy fabric, thread, elastic, buttons, closures and other supplies so she can continue sewing and filling customer orders.
View original language description ↓
El grupo Las Amapolas está en su ciclo número 4to del programa de comité de mujeres, según la encuesta de eliminación de pobreza, el cual es un medio para poder conocer la situación económica de cada una, 4 de las mujeres se encuentran por debajo de la línea de pobreza, es decir, con un ingreso muy bajo.
Justa es una de las integrantes de este grupo, quien es una persona muy talentosa y trabajadora, es muy buena en lo que hace y es por eso que le está yendo muy bien. Se dedica a la costura y es gracias a esto que tiene los medios para poder ayudar a su familia. Son sus mismos clientes quienes le hacen publicidad, ya que hace muy buen trabajo siempre. Agradece por esta oportunidad que recibe, ya que no solo la ayudará a ella, sino también a su familia.
Solicita de este crédito para poder invertirlo en la compra de telas, hilos, gomas, botones, cierres y demás insumos para seguir con sus costuras y pedidos de 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

  • $4,555
    Average annual income
  • 17
    View loans »
    Paraguay Loans Fundraising
  • $29,459,275
    Funds lent in using Kiva
  • 4,128.7
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Las Amapolas Group's $5,025 loan helped a member to buy fabric, thread, elastic, buttons, closures, etc.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 15, 2013
Listed
May 16, 2013
Currency Exchange Loss:
Covered
Ended:
Sep 22, 2013