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Santa Teresa Group
In this Group: Salvadora, Veronica, Fidelina, Gervacia, Erma, Graciela, Zulma, Mirian, Liduvina, Isidora, Pascuala, Juliana, Elva*, Irma*
* not pictured
The Santa Teresa group is in its fourth cycle of the Women's Committee Program. It is made up of fifteen women, but only fourteen of them are applying for this loan. They are participating in the Poverty Elimination Survey to understand the situation of each one of them. The survey showed that two women have a very low income.

One of the members is Salvadora, who is the group's president. She says that she always tries to motivate her fellow members, encouraging them to grow. She makes a living in dressmaking, and she says that she has a very good clientele. She always fulfills her orders with very good work, and she is able to help her family by means of her income.

She is applying for this loan to invest in fabric, because she always wants to be able to fulfill her clients' orders. She is also grateful for this opportunity which Fundación Paraguaya and Kiva are giving the group.
View original language description ↓
El grupo llamado Santa Teresa está en su Cuarto ciclo del programa de comité de mujeres, esta integrado por 15 señoras, pero esta vez solo 14 de ellas solicitan el crédito. Están haciendo la encuesta de eliminación de pobreza para conocer la situación de cada una de ellas, y arrojo que 2 señoras están con ingresos muy bajos.
Una de las integrantes es la Sra. Salvadora, quien es la presidenta del grupo, ella cuenta que siempre trata de motivar a sus compañeras, y les anima a que vayan creciendo. Ella por su parte se dedica a la costura y cuenta que tiene muy buena clientela con quien siempre cumple con muy buenos trabajos y con eso ayuda a su familia por medio de sus ingresos.
Ella solicita de este crédito para invertirlo en telas, ya que quiere poder cumplir siempre con los pedidos de sus clientes, también agradece por esta oportunidad que fundación paraguaya y Kiva les da.

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
  • 75
    View loans »
    Paraguay Loans Fundraising
  • $30,816,725
    Funds lent in using Kiva
  • 4,370.3
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Santa Teresa Group's $3,225 loan helped a member to buy fabric for dressmaking.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 17, 2013
Listed
Jun 18, 2013
Currency Exchange Loss:
Covered
Ended:
Oct 17, 2013