Check out some available loans that are similar to this one!
Tekoporave Rekavo Group
In this Group: Marlene, Floriana, Elisabet, Margarita, Mirian, Tomasa, Cristina, Hilda, Fanny, Isabelina, Isolina, Marina, Gabriela
Tekoporave Rekavo was organized in the city of Caaguazu and was formed by the union of citizens and friends in that city. The group's name signifies “In Search of a Better Life” in Guarani, one of Paraguay's languages. The members are making an attempt at ending poverty; we should note that 8 of these women earn very loan incomes.

One member is Marlene who during the last survey, demonstrated a level of poverty within Category 1, that is, very low income. She reports that she is dedicated to selling clothing. We also have the work of the assessors who keep track of the training and testing that, in one manner or another, they require in order to motivate the women to struggle towards overcoming poverty.

Marlene is requesting this loan to buy clothing, under garments, etc., which will help her to develop a concrete business plan, which in turn, will help boost her income.
View original language description ↓
Tekoporave Rekavo es de la ciudad de Caaguazú, se formo con la unión de vecinas y amigas de esa ciudad. El nombre del grupo significa en busca de una vida mejor en el idioma Guaraní, que es uno de los idiomas del Paraguay. Ellas estan haciendo la encuesta de eliminación de pobreza de los cual se pudo notar que 8 mujeres estan con ingresos muy bajos.
Una de las integrantes es la Sra. Marlene, quien en su última encuesta mostró un nivel de pobreza dentro del nivel uno, es decir con ingresos muy bajos. Ella cuenta que se dedica a la venta de ropas, 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 ropas, lencería, etc. 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
  • 18
    View loans »
    Paraguay Loans Fundraising
  • $29,405,000
    Funds lent in using Kiva
  • 4,514.6
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Tekoporave Rekavo Group's $2,775 loan helped a member buy clothing and under garments to sell.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 17, 2013
Listed
Jul 17, 2013
Currency Exchange Loss:
Covered
Ended:
Jan 17, 2014