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La Costanera - San Jose Group
In this Group: Ignacia, Vanessa, Ramona, Teresa, Daniela, Margarita, Virgilia, Eugenia, Catalina, Ana, Nilda, Blasia, Ignacia
13 women make up this group, called La Costanera (The Boardwalk) - San Jose. They are in their first loan cycle. They are prepared to work together and, through the trainings, to continue growing and improving the lives of the members. They are taking the poverty elimination survey in order to find out about the situation of each one of them.

Teresa is a member of this group. She sells natural medicines such as herbs, which are very popular since people use them for tereré and mate, typical Paraguayan drinks. She says that with her work and effort, she's growing and has the means to be able to help her family.

Teresa is asking for the loan to buy natural remedies in order to continue with her sales and in that way increase her income.
View original language description ↓
13 mujeres forman este grupo llamado La Costanera - San Jose, estan en su primer ciclo, ellas estan dispuestas a trabajar juntas y por medio de las capacitaciones ir creciendo y mejorando la vida de las integrantes. Están haciendo la encuesta de eliminación de pobreza para saber la situación de cada una.
Teresa es miembro de este grupo, ella se dedica a la venta de medina natural, como ser yuyos los cuales son muy consumidos, ya que las personas lo usan para el tereré y mate, que son bebidas típicas del Paraguay. Cuenta que con su trabajo y esfuerzo esta creciendo y tiene los medios para poder ayudar a su familia.
Teresa solicita de este crédito para poder invertirlo en la compra de remedios naturales para poder seguir con sus ventas y de esa forma incrementar sus ingresos.

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
  • 103
    View loans »
    Paraguay Loans Fundraising
  • $31,568,700
    Funds lent in using Kiva
  • 4,415.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of La Costanera - San Jose Group's $1,925 loan helped a member to buy herbal remedies to sell.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 21, 2013
Listed
Jun 18, 2013
Currency Exchange Loss:
Covered
Ended:
Dec 17, 2013