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Virgen Del Carmen Group
In this Group: Claudia, Luciana, Selva, Aubreliana, Juana, Juana, Clara, Teodolina, Eulalia, Ignacia, Basilia, Arminda, Lucina*
* not pictured
The communal bank 'Virgen del Carmen' is in their second cycle of the women's committee program and they are participating in the poverty elimination survey which aims to find out how each one of them is doing in their daily lives.

One noteworthy member is Luciana, a hardworking lady who is a housekeeper and also has a business selling foods of various kinds. She is a fighter and puts in all her effort for her family to give them everything they need and ensure they do not have to go through the difficulties that she had to endure.

Luciana has applied for this loan to purchase meat, vegetables, condiments and other supplies in order to continue selling groceries, and so that she can continue to strive for a better future.
View original language description ↓
El grupo llamado VIRGEN DEL CARMEN está en su ciclo número 2 del programa de comité de mujeres, ellas están haciendo la encuesta de eliminación de pobreza para conocer como cada una de ellas se encuentra en el ámbito general de sus vidas.
Una persona digna de destacar es la Sra. Luciana, quien es una persona muy trabajadora, es empleada domestica y también trabaja en la venta de comidas de variadas clases. Ella es muy luchadora y cuenta que todo el esfuerzo que hace es por su familia, para poder darles todo lo que necesitan y que no tengan que pasar por necesidades como las que ella tuvo que pasar.
Solicita de este crédito para la compra de carnes, verduras, condimentos y demás insumos para poder seguir haciendo los comestibles que vende, y seguir procurando por un futuro mejor.

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
  • 61
    View loans »
    Paraguay Loans Fundraising
  • $29,459,275
    Funds lent in using Kiva
  • 4,414.4
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Virgen Del Carmen Group's $2,425 loan helped a member to purchase meat, vegetables, condiments and other supplies.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 24, 2013
Listed
Jun 23, 2013
Currency Exchange Loss:
Covered
Ended:
Jan 17, 2014