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Mujeres En Progreso Group
In this Group: Mirna, Deolinda, Graciela, Flora, Nicolasa, Ramona, Felicita, Angelica, Valentina, Cipriana, Dolly, Casilda, Graciela, Felicita, Lucina, Arminda, Dionicia, Marta, Nathalia*
* not pictured
The groupd called Mujeres Unidas al Progreso is in its twelfth cycle of the Comité de Mujeres program. They are all committed to working and helping each other get ahead. They have a survey project to eliminate poverty. Three of the 19 women are under the poverty line, that is, they have very low incomes. They have made a commitment to work hard to be able to get ahead.

One of the members is Lucina. In the survey she showed a level of poverty of level one, with very low income. She works as a street vendor of all types of products, such as clothing, items for the home and more. She wants to improve her life and her income over time to keep helping her family.

She is asking for this loan to be able to invest it in buying all types of clothing as well as items for the home and other merchandise.
View original language description ↓
El grupo llamado Mujeres en Progreso está en su Decimo Segundo ciclo del programa de comité de mujeres, donde todas se comprometieron a trabajar y a ayudarse entre todas para salir adelante. Están haciendo la encuesta de eliminación de pobreza, donde 3 de las 19 señoras se encuentran por debajo de la línea de pobreza, es decir con un ingreso muy bajo, quienes se han comprometido a trabajar duro para poder crecer.
Una de las integrantes es la Sra. Lucina, quien en su encuesta mostró un nivel de pobreza dentro del nivel uno, es decir con ingresos muy escasos, ella se dedica a la venta ambulante de todo tipo de productos, como ser prendas artículos para la casa y demás. Ella desea que conforme pase el tiempo pueda ir mejorando su vida y sus ingresos para seguir ayudando a su familia.
Solicita de este crédito para poder invertirlo en la compra de prendas de todo tipo, como así también de artículos de mercería y artículos para el hogar.

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
  • 69
    View loans »
    Paraguay Loans Fundraising
  • $28,760,275
    Funds lent in using Kiva
  • 4,128.7
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Mujeres En Progreso Group's $6,125 loan helped a member to buy clothing, items for the home and other merchandise to sell.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 16, 2013
Listed
May 24, 2013
Currency Exchange Loss:
Covered
Ended:
Aug 17, 2013