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Las Marias Group
In this Group: Maria, Delia, Sabina, Maria, Felipa, Eva, Mirtha, Maria, Bellemira, Teodora, Mercia, Estanislaa, Angelica, Gladys
The communal bank "Las Marias" is in its 5th loan cycle in the Women's Committee Program of Fundación Paraguaya. The members are taking the poverty elimination survey to understand the situation of each one of the members.

Eva is a very hardworking person who has a business selling cosmetics. She states that at first it was a little difficult, but over time she gradually attracted customers and gained confidence, becoming the good small businesswoman that she is today. She works hard and struggles to increase her income and improve each day.

Eva is requesting this loan to invest in cosmetics from a variety of brands. This way, she can continue with her sales, attract more customers, and continue working. The members of this group are grateful for this opportunity that they are receiving, because it will be a great help to them.
View original language description ↓
Las Marias está en su quinto ciclo del programa de comité de mujeres, ellas están haciendo la encuesta de eliminación de pobreza para conocer la situación de cada una de las miembros.
Una persona muy trabajadora es Eva, quien se dedica a la venta de cosméticos. Comenta que al principio le fue un poco difícil, pero que después poco a poco fue ganando clientela y confianza y de esa forma hoy en día ya es una buena microempresaria. Ella lucha y se esfuerza por mejorar sus ingresos y así ser mejor cada día.
Ella solicita de este crédito para poder invertirlo en la compra de cosméticos de diferentes marcas, para que de esa forma pueda seguir con sus ventas, atraer a más clientes y seguir trabajando. Ellas agradecen por esta oportunidad que estan recibiendo, pues les será de gran 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

  • $8,400
    Average annual income
  • 75
    View loans »
    Paraguay Loans Fundraising
  • $30,761,400
    Funds lent in using Kiva
  • 4,370.3
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Las Marias Group's $4,025 loan helped a member to buy cosmetics to sell.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 20, 2013
Listed
Jun 18, 2013
Currency Exchange Loss:
Covered
Ended:
Jan 17, 2014