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Sagrada Familia Group
In this Group: Felicia, Carlas, Miguelina, Visitacion, Eugenia, Sonia, Maria, Antoliana, Antonia, Patricia, Liz, Anastacia, Segunda, Alicia, Marisel, Vilma*
* not pictured
The group known as "Sagrada Familia" is in its second cycle with the Women's Committee program. The group is in the city of Caaguazú, and its members are working to grow and to give their families what they need day to day. They saw a great opportunity for progress through the committee and that is why they decided to come together.

Liz, one of the members, has a cantina at the neighborhood school. She says that she carries many types of products so that she can sell the students anything they want. She starts working very early in the morning, and says that her cantina is her source of income and the way that she helps her family.

She asks for a loan to buy snacks, hot dogs, breads and ingredients to make food for sale at the cantina. This way she will be able to keep growing her business and give her family what they need to live without lacking anything.
View original language description ↓
El grupo llamado Sagrada Familia está en su ciclo número 2 del programa de comité de mujeres, es de la ciudad de Caaguazú, las integrantes están trabajando por crecer y dar a su familia lo que necesitan para el día a día. Ellas vieron una gran oportunidad de progreso en el comité es por eso que decidieron unirse.
La Sra. Liz es una de las integrantes, ella tiene una cantina en la escuela del barrio y cuenta que tiene todo tipo de productos, y con ello da a los alumnos de la escuela todo lo que piden. Desde muy tempranas horas del día empieza su trabajo, además de eso cuenta que su cantina es su fuente de ingresos y la forma en la que ayuda a su familia.
Solicita su crédito para la compra de golosinas, panchos, panes y la materia prima para la elaboración de comestibles para su venta en la cantina. Y de esa forma poder seguir creciendo con su negocio y dar así a su familia lo que necesitan para tener una vida sin privaciones.

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
  • 19
    View loans »
    Paraguay Loans Fundraising
  • $29,405,000
    Funds lent in using Kiva
  • 4,347.5
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Sagrada Familia Group's $3,775 loan helped a member to buy snacks, hot dogs, bread and other ingredients to make food for sale.
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