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Mejorando La Economia Group
In this Group: Dalma, Ninfa, Irene, Teodora, Blanca, Nidia, Ignacia, Aurelia, Candida, Merli, Carolina, Maria, Beatriz, Natividad, Rosana, Ana*, Maria*, Bernarda*
* not pictured
The group called "Improving Economic Status" is in its second loan cycle of the women's committee program, where everyone works and helps each other get ahead. They are participating in the poverty-elimination study which, thanks to the work they're doing, will be able to improve their financial status. One of the members is Nidia, who has an eatery that is succeeding because of the delicious food she makes. She's a person with a great desire to grow and progress, which is why she strives more and more by the day. She has sacrificed a lot to be able to start her eatery, but now she has good clientele that always frequent her business.

Nidia is seeking a loan to buy ingredients to stock up the eatery, like vegetables, drinks, etc., which will help her make a concrete business plan so she can increase revenue.
View original language description ↓
El grupo llamado Mejorando la Economia y está en su ciclo número 2º del programa de comité de mujeres, donde todas trabajan y se ayudan por salir adelante. Están haciendo la encuesta de eliminación de pobreza, donde gracias al trabajo que ellas están haciendo pueden mejorar su economía.
Una de las integrantes es la Sra. Nidia, quien cuenta que tiene un comedor, donde gracias a las delicias que ella hace esta saliendo adelante. Ella es una persona con muchas ganas de crecer y de progresar, es por eso que se esfuerza más y más cada día. Ella cuenta que con mucho sacrificio pudo montar su comedor, pero que hoy ya tiene muy buena clientela que siempre acude a su negocio.
La Sra. Nidia Solicita de este crédito para la compra de insumos para surtir su negocio, como ser verduras, bebidas, etc., lo que le ayudará a tener a concretar su plan de negocio, el cual le ayudará a mejorar sus ingresos.

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
  • 49
    View loans »
    Paraguay Loans Fundraising
  • $28,602,050
    Funds lent in using Kiva
  • 4,172.4
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Mejorando La Economia Group's $4,175 loan helped a member to buy supplies for her eatery, like vegetables, drinks, etc.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 25, 2013
Listed
May 26, 2013
Currency Exchange Loss:
Covered
Ended:
Dec 17, 2013