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Momarandu Group
In this Group: Rumilda, Gladis, Celia, Laura, Wilma, Elina, Nilda, Zulma, Ana, Elva, Nancy, Silvia, Juana, Rosa
The Momarandu group is in its 5th cycle of the program of entrepreneurial women. This group is from the city of Encarnación, and the members are doing a survey of the elimination of poverty, which will help them know the economic situation of every member.

Rosa is a member of the group. Through clothing sales and thanks to her efforts and sacrifice, she has built a good customer base, which is growing, and with which she is making a living. She wants her business to keep growing more and also to be able to help those who need it.

She is requesting this loan for the purchase of jeans, t-shirts, shirts, pants, and more, to be able to continue with her sales and have the income to work. She is thankful for that opportunity that she and her friends are receiving, since it will be much help.
View original language description ↓
En su quinto ciclo del programa de mujeres emprendedoras se encuentra este grupo llamado Momarandu. Este grupo es de la ciudad de Encarnación, y las integrantes están haciendo la encuesta de eliminación de pobreza, el cual les ayudará a conocer la situación económica de cada una.
Rosa es una de las integrantes del grupo, ella por medio de la venta de prendas y gracias a su esfuerzo y sacrificio ha ido formándose una buena clientela que de a poco está creciendo y con lo cual está ganándose la vida. Ella quiere que el dia de mañana su negocio vaya creciendo más y siga ayudando a quienes necesitan también.
Solicita de este crédito para la compra de jeans, remeras, camisas, pantalones y demás, para poder seguir con sus ventas y teniendo los ingresos para trabajar. Agradece por la oportunidad que ella y sus amigas están recibiendo, ya que les será de mucha ayuda.

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
  • $27,441,200
    Funds lent in using Kiva
  • 4,347.5
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Momarandu Group's $2,625 loan helped a member to purchase jeans, t-shirts, shirts, pants, and more to sell.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 13, 2013
Listed
Jun 16, 2013
Currency Exchange Loss:
Covered
Ended:
Nov 17, 2013