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Santo Domingo Group
In this Group: Petrona, Graciela, Nancy, María, Teodocia, Teresa, Leonarda, Eladia, Nancy, Marina, Juana, Mercedes, Ana, Clotilde, Norma
This group, called Santo Domingo, is beginning their second loan cycle. Everyone in the group works and helps each other progress. They are trying to eliminate poverty. Each one of the group members continues to grow and leave their roots of poverty in the past.
One of the members of the group is Mrs. María, who, with much effort and sacrifice, is progressing. She sells fresh vegetables each day beginning early in the morning. She is an enterprising woman with a great desire to progress and move forward.
She is asking for this loan in order to buy vegetables such as squash, tomatoes, carrots, onions, etc. In doing this she can continue with her sales and increase her earnings.
View original language description ↓
El grupo llamado Santo Domingo está en su ciclo número 2 del programa de comité, donde todas trabajan y se ayudan por salir adelante. Están haciendo la encuesta de eliminación de pobreza, donde cada una de ella quiere seguir creciendo y dejando la pobreza atrás.
Una de las integrantes es la Sra. María, quien con mucho esfuerzo y sacrificio está saliendo adelante. Ella se dedica a la venta de verduras frescas que todos los días vende desde muy tempranas horas del día. Ella es una persona muy emprendedora y con muchas ansias de crecer y salir adelante.
Solicita de este crédito para poder invertirlo en la compra de verduras, como ser locotes, tomates, zanahorias, cebollas y demás y de esa forma poder seguir con sus ventas y seguir luchando por 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
  • 27
    View loans »
    Paraguay Loans Fundraising
  • $28,082,175
    Funds lent in using Kiva
  • 4,168.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Santo Domingo Group's $2,250 loan helped a member to buy squash, tomatoes, carrots, onions and other vegetables to sell.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Apr 26, 2013
Listed
May 27, 2013
Currency Exchange Loss:
Covered
Ended:
Dec 17, 2013