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Mujeres Por El Bien Comun Group
In this Group: Esther, Laura, Ramona, Aida, Eva, Myrian, Lorena, Ana, Idalina, Visitacion, Maria, Maria, Miguela, Maria, Maria, Gladys, Catalina, Luisa, Ermelinda, Heriberta, Maria*, Dorys*, Rosanna*, Claudelina*
* not pictured
This group from Ciudad del Este is called “Mujeres Por el Bien Común” [Women for the Common Good] and has a large membership. The group is in its first cycle, and the members are eager to grow and improve their lives by working together. Their goal is the growth of each member, not only financially, but personally as well.

One of the members is Miguela, who is engaged in selling various types of perfumes and fragrances. She says that she has a very good clientele because she always has very good variety and, in this way, attracts customers. She is a hardworking person eager to grow and become a great small business owner. She is requesting this loan to purchase perfume for ladies and gentlemen, and in this way, continue investing in her micro-entrepreneurship.
View original language description ↓
Mujeres por el bien comun se llama este grupo de Ciudad del Este, tiene un gran número de integrantes, donde ellas están en su ciclo uno, con muchas ganas de crecer y de ir mejorando sus vidas por medio del trabajo en conjunto. Tienen como meta el crecimiento de cada una no solo en lo económico, sino también en lo personal.
Una de las integrantes es la Sra. Miguela, quien se dedica a la venta de perfumes y fragancias de variadas clases, y cuenta que tiene muy buena clientela porque siempre tiene muy buena variedad y así cautiva a sus clientes. Ella es una persona muy trabajadora y con ansias de crecer y ser una gran microempresaria. Pide este crédito para poder invertirlo en la compra de perfumes para damas y caballeros, y así seguir invirtiendo en su microemprendimiento.

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
  • 19
    View loans »
    Paraguay Loans Fundraising
  • $29,384,125
    Funds lent in using Kiva
  • 4,172.4
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Mujeres Por El Bien Comun Group's $4,350 loan helped a member to purchase perfume for ladies and gentlemen.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 25, 2013
Listed
May 25, 2013
Currency Exchange Loss:
Covered
Ended:
Oct 17, 2013