Check out some available loans that are similar to this one!
Esperanza Group
In this Group: Victoriana, Carlina, Fidelina, María, María, Teresa, Lilian, María, Juana, María, Ramona, Inocencia, Mirian, Maura, Mirta, Jorgelina, María, Sonia, Emérita, Rolinda, Lidia, María*, Zunilda*
* not pictured
This group, called ”Esperanza” [Hope], is in its 15th cycle of the Women Committee program. Seven of its members live below the poverty line, according to a poverty elimination survey they took part in. This is a very useful means to help these women.

María, one of the members, is a person who wants to grow. She is a fighter and she always comes to the training sessions. She saves some money and works hard every day to continue growing and improve her family’s life. She sells charcoal and says that she does well since it is cheaper and people prefer it, which means that there is a good demand for it.

María is requesting a loan to buy charcoal in order to continue selling it and avoid shortages. She is grateful for this opportunity, which will be of great help for her.
View original language description ↓
El grupo llamado Esperanza está en su ciclo número 15° Del programa de comité de mujeres, donde 7 integrantes se encuentran por debajo de la línea de pobreza, esto se sabe, gracias a que todos están haciendo la encuesta de eliminación de pobreza, el cual es un medio muy útil para ayudar a estas mujeres.
María, una de las integrantes, es una persona que quiere crecer, siempre se esmera y participa de las capacitaciones, tiene su pequeño ahorro y día a día se esfuerza por ir creciendo y mejorar la vida de su familia. Ella se dedica a la venta de carbón, y cuenta que le está yendo muy bien ya que el carbón es más económico y la gente lo prefiere y tiene buena venta
Solicita de este crédito para poder invertirlo en la compra de carbón para poder seguir con sus ventas y que no le falte su principal producto. Agradece por esta oportunidad que está recibiendo que le 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

  • $4,555
    Average annual income
  • 52
    View loans »
    Paraguay Loans Fundraising
  • $28,673,125
    Funds lent in using Kiva
  • 4,414.4
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Esperanza Group's $5,075 loan helped a member to buy charcoal to sell.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 21, 2013
Listed
Jun 19, 2013
Currency Exchange Loss:
Covered
Ended:
Oct 17, 2013