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El Progreso Group
In this Group: Isabel, Graciela, Benita, Nilda, María, Nélida, Ana, Olga, Ramona, Emilce, María, Valentina, Bianca*, Olga*
* not pictured
The Progreso group is in its 12th cycle of the program of the women's committee. The members are doing a survey about the elimination of poverty, since in this way they will be able to know the situation of every one of them.

Isabel, one of the members, is at a medium level of income. She works day to day tenaciously and is working to increase her income. She has a well-stocked grocery store with all types of products of top necessity, and she stocks it with everything that her customers need. Her goal is to be able to expand her business in order to be able to offer better variety to her customers and also more convenience.

She is requesting this loan for the purchase of sodas, meats, herbs, rice, eggs, and further supplies in order to be able to stock her business and give her customers all that they need. She is thankful for the opportunity that she and her fellow members are receiving.
View original language description ↓
El grupo llamado el Progreso está en su ciclo número 12 del programa de comité de mujeres, las integrantes están haciendo la encuesta de eliminación de pobreza, ya que de esa forma podrán saber la situación de cada una de ellas.
Isabel, una de las integrantes se encuentra en un nivel medio de ingresos, trabaja día a día tenazmente y así está trabajando de mejorar sus ingresos. Cuenta que tiene una despensa bien surtida con todo tipo de productos de primera necesidad, con el que surte y da a sus clientes todo lo que necesitan. Su meta es poder ir agrandando su negocio para poder ofrecer mejora variedad a sus clientes y también mayor comodidad.
Solicita de este crédito para la compra de bebidas, carnes, yerba, arroz, huevos y demás insumos para poder surtir su negocio y dar a sus clientes todo lo que necesitan. Ella agradece por la oportunidad que sus compañeras y ella están recibiendo.

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
  • 43
    View loans »
    Paraguay Loans Fundraising
  • $30,204,950
    Funds lent in using Kiva
  • 4,347.5
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of El Progreso Group's $2,575 loan helped a member to purchase sodas, meat, herbs, rice, eggs, and further supplies.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 13, 2013
Listed
Jun 16, 2013
Currency Exchange Loss:
Covered
Ended:
Dec 17, 2013