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Virgen De Fatima Group
In this Group: Feliciana, Maria, Cristina, Porfiria, Irene, Maria, Maria, Ermelinda, Paulina, Angela, Carmen, Sonia, Maria*
* not pictured
The group called Virgen de Fatima is in its 6th cycle with the program for groups of women. They are participating in the study for the elimination of poverty. Three of the members are below the poverty line, which is to say that they have a very low income.

One of the members is Maria, who makes a living in sales. She has a small grocery store where she works every day from the early morning hours. She says that thanks to her efforts her business has been growing slowly and she wants to continue working on it. She is requesting this assistance in order to continue working and to buy supplies to stock her business, such as vegetables, foods, fruit, drinks and other products. In this way she can carry out her business plan.
View original language description ↓
El grupo llamado Virgen de Fatima está en su 6° ciclo del programa de comité de mujeres. Están haciendo la encuesta de eliminación de pobreza para saber la situación de cada una de ellas, donde 3 integrantes están por debajo de la línea de pobreza, es decir con un ingreso muy bajo.
Una de las integrantes es la Sra. Maria, quien se dedica a las ventas, tiene una pequeña despensa en la que trabaja todos los días desde muy tempranas horas. Cuenta que gracias al esfuerzo que está haciendo ha ido creciendo lentamente y quiere seguir haciéndolo.
Solicita de esta ayuda para poder seguir y trabajando y comprar insumos para surtir su negocio, como ser verduras, comestibles, frutas, bebidas y demás, pudiendo así concretar su plan de negocios

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
  • 48
    View loans »
    Paraguay Loans Fundraising
  • $27,441,200
    Funds lent in using Kiva
  • 4,190.2
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Virgen De Fatima Group's $3,225 loan helped a member to buy vegetables, foods, fruit, drinks and more.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 24, 2013
Listed
May 25, 2013
Currency Exchange Loss:
Covered
Ended:
Nov 17, 2013