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Buena Fe Group
In this Group: Maria, Griselda, Ailza, Celsa, Liz, Nidia, Mary, Nilda, Marcelna, Alva, Patricia, Ana, Basilicia, Monica, Teresa
'Buena Fe' are starting their 15th loan cycle with the Women's Committee program. They are all working hard and putting everything they've got into growing their micro-businesses. They took part in the 'Poverty Elimination' survey and found that three members are living below the poverty line, which is to say that they have very low incomes.

One of the members of this group is Celsa who, in the last survey she completed, was at level one on the poverty scale. Through her continual hard work and effort, and by applying the actions of a successful woman, she is improving her situation. Among other work, Celsa sells bingo cards and lottery tickets. It is also necessary to highlight the work of the loan officers who follow up on training sessions and make any checks that are needed. In addition, they encourage the women to work hard to break out of poverty.

Celsa is requesting this loan to buy her bingo cards. This will help her to realize her business plan and, in turn, help her to improve her income.
View original language description ↓
Buena Fe está en su ciclo número 15° del programa de comité de mujeres, donde todas luchan y ponen todo de si para poder crecer en sus microemprendimientos. Están haciendo la encuesta de eliminación de pobreza, donde 3 integrantes se encuentran por debajo de la línea de pobreza, es decir con ingresos muy bajos.
Una de las integrantes es la Sra. Celsa, quien en su última encuesta mostró un nivel de pobreza dentro del nivel uno. A través del esfuerzo y el trabajo continuo y las aplicaciones de los comportamientos vitales de una mujer exitosa, ella se encuentra mejorando su situación de pobreza. Entre el trabajo que ella hace se dedica a la venta de bingos, quinielas 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 sus cartones de bingo, lo que le ayudará a tener 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
  • 45
    View loans »
    Paraguay Loans Fundraising
  • $30,204,950
    Funds lent in using Kiva
  • 4,414.4
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Buena Fe Group's $4,875 loan helped a member to buy bingo cards to sell.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 29, 2013
Listed
Jun 25, 2013
Currency Exchange Loss:
Covered
Ended:
Oct 17, 2013