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Union Group
In this Group: Francisca*, Rafaela, Bernardina, Emilce, Romilda, Gladis, Marina, Maria, Susana, Salvadora, Marina, Cynthia, Sandra
* not pictured
The communal bank "Union" is in its sixth loan cycle through the women's program. All the members work and help each other get ahead. According to the Poverty Elimination survey they are taking, three members are currently below the poverty line.

One of the members is Susana who registered a level one poverty level on the survey, because of her low income. Through her efforts, continuous work and the application of a successful woman's vital behavior traits, she is improving her economic situation. She sells cleaning products and is requesting a loan to buy more products to help stabilize her business plan in an effort to increase her income.

It is important to point out the work of the counselors who are continually following up on the training and encouragement of the woman as they struggle to overcome poverty.
View original language description ↓
El grupo llamado Union está en su Sexto Ciclo del programa de comité de mujeres, donde todas trabajan y se ayudan por salir adelante. Están haciendo la encuesta de eliminación de pobreza, donde tres de las señoras se encuentran por debajo de la línea de pobreza.
Una de las integrantes es la Sra. Susana , quien en su última encuesta mostró un nivel de pobreza dentro del nivel uno, con ingresos muy bajos. A través del esfuerzo y el trabajo continuo y la aplicaciones de los comportamientos vitales de una mujer exitosa, ella se encuentra mejorando su situación de pobreza. El trabajo que ella hace es la venta de productos de limpieza, también se debe destacar el trabajo de las asesoras, quienes hacen un seguimiento permanente de capacitaciones y verificaciones que de alguna manera exigen y al mismo tiempo incentivan a las mujeres a luchar para poder superar la pobreza.
La Sra. Solicita de este crédito para la compra de producto de limpieza, lo que le ayudará a concretar su plan de negocio, el cual le ayudará a mejorar 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

  • $4,555
    Average annual income
  • 66
    View loans »
    Paraguay Loans Fundraising
  • $29,035,975
    Funds lent in using Kiva
  • 4,415.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Union Group's $3,475 loan helped a member to buy cleaning products to sell.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 21, 2013
Listed
Jun 19, 2013
Currency Exchange Loss:
Covered
Ended:
Dec 17, 2013