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Kuña Kyrey Group
In this Group: Maria, Donastila, Yudith, Zully, Francisca, Maria, Maria, Maria, Rose, Crescencia, Bernardina, Maria*, Maria*
* not pictured
The committee Kuña Kyrey formed due to the initiative of one of its members. Currently they are on their second loan cycle with thirteen members. They will all work and help each other to get ahead. They are doing the elimination of poverty survey. Eight of them are below the poverty line with very low incomes.

One of the members is Maria, who is getting ahead by selling baked goods. She says she has built up a very good clientele who always buy her freshly baked goods from her, thereby giving her the income she needs to cover day to day necessities. Her dream is to be able to have a good bakery where she can continue with her production and also be able to help other people by giving them work.

She is requesting this loan so she can purchase flour, eggs, salt, yeast, and other items in order to be able to continue growing and investing in her business plan.
View original language description ↓
El comité Kuña Kyrey, se conformó con la iniciativa de la una de las miembros. Actualmente se encuentran en el 2do ciclo, con 13 integrantes, todas trabajaran y se ayudaran para salir adelante. Están haciendo la encuesta de eliminación de pobreza, donde ocho se encuentran por debajo de la línea de pobreza, es decir con ingresos muy bajos.
Una de las integrantes es la Sra. Maria, quien por medio de la venta de panificados está saliendo adelante. Cuenta que se hizo de muy buena clientela que siempre compra de ella sus panificados frescos y por medio de eso tiene los ingresos que necesita para cubrir las necesidades del día a día. Su sueño es poder tener una buena panadería donde poder seguir con su producción y también poder ayudar a otras personas dándoles trabajo.
La Sra. Solicita de este crédito para la compra harina, huevo, sal, levadura y demás, para poder seguir creciendo e invirtiendo en 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

  • $8,400
    Average annual income
  • 58
    View loans »
    Paraguay Loans Fundraising
  • $33,587,225
    Funds lent in using Kiva
  • 4,168.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Kuña Kyrey Group's $3,025 loan helped a member to purchase flour, eggs, salt, yeast, and other items.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Apr 29, 2013
May 27, 2013
Currency Exchange Loss:
Dec 17, 2013