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La Amistad Group
In this Group: Joaquina, Mirna, Matilde, Mirna, Guadalupe, Maria, Isabel, Jorgelina, Elva, Susana, Lucia, Mercedes, Liliana*, Ana*, Antonia*
* not pictured
"La Amistad" group is in its first season. They are completing a survey on the elimination of poverty in order to find out about each member's situation. Two of the fifteen women are in level one, below the poverty line. That is to say, their incomes are very low. Mercedes, according to the survey, is at a mid level of poverty. With effort, continuous work, and the training that she receives, she is sure that her situation will continue to improve.

Mercedes earns a living selling foods that she herself prepares very early in the day. She notes that she has good customers who wait in the early morning hours to eat her delicious foods.

She is requesting this loan to invest in the purchase of meat, vegetables, condiments, ham, cheese, eggs and other supplies to be able to continue delighting her customers with the delicious meals that she makes.
View original language description ↓
El grupo llamado La Amistad está en su primer ciclo, están haciendo la encuesta de eliminación de pobreza para conocer a situación de cada una, donde 2 de las quince señoras están en el nivel uno, por debajo de la línea de pobreza, es decir con ingresos muy bajos.
Mercedes, quien en su encuesta mostró un nivel de pobreza medio. A través del esfuerzo y el trabajo continuo y las capacitaciones que recibe, está segura que irá mejorando. Ella se dedica a la venta de comestibles que ella misma hace desde muy tempranas horas del día. Cuenta que tiene buena clientela que desde tempranas horas del día la esperan para comer sus ricos alimentos.
Solicita de este crédito para poder invertirlo en la compra de carne, verduras, condimentos, jamón, queso, huevo y demás insumos para poder seguir deleitando a sus clientes con las comidas ricas que hace.

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
  • 74
    View loans »
    Paraguay Loans Fundraising
  • $27,639,150
    Funds lent in using Kiva
  • 4,414.4
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of La Amistad Group's $2,600 loan helped a member to buy meat, vegetables, condiments, ham, cheese, eggs and other supplies.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 22, 2013
Listed
Jun 19, 2013
Currency Exchange Loss:
Covered
Ended:
Jan 17, 2014