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Maria Auxiliadora 2 Group
In this Group: Margarita, Miguela, Irene, Elizabeth, Celia, Perla, Mercede, Gricelda, Gervacia, Estela, Myrian, Reina, Jorgelina, Olga*, Elina*, Liliana*
* not pictured
The group called "Mary Helper 2" is in its second cycle of the program committee of women. They are taking the poverty elimination survey to determine the status of each of them. Three of these members have very low income, but they are working to get ahead.

One of the members, Jorgelina, is in a low-income bracket, but she is aware that she must continue to work to improve her income. She sells all kinds of shoes. She is growing and working to improve through what she does. It is very tough and above all enthusiastic to get ahead.

Jorgelina is requesting this credit to purchase a greater variety of shoes such as clogs, slippers, and items that will help her realize your business plan, which will help to improve her income.
View original language description ↓
El grupo llamado “Maria Auxiliadora 2” está en su Segundo Ciclo del programa de comité de mujeres, ellas están haciendo la encuesta de eliminación de pobreza para conocer la situación de cada una de ellas. Tres de ellas integrantes se encuentran con ingresos muy bajos, pero están trabajando por salir adelante.
Una de las integrantes es la Sra. Jorgelina, quien está en un nivel bajo de ingresos, pero es consciente de que debe seguir trabajando para mejorar sus ingresos. Ella se dedica a la venta de calzados de todo tipo, está creciendo y trabajando de mejorar por medio de lo que hace. Es muy luchadora y por sobre todo entusiasta por salir adelante.
La Sra. Solicita de este crédito para la compra de más variedad de calzados, Suecos, Zapatillas, lo que le ayudará 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

  • $8,400
    Average annual income
  • 73
    View loans »
    Paraguay Loans Fundraising
  • $30,816,725
    Funds lent in using Kiva
  • 4,479.5
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Maria Auxiliadora 2 Group's $2,850 loan helped a member to purchase shoes, clogs, slippers, and other items.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 19, 2013
Listed
Jul 23, 2013
Currency Exchange Loss:
Covered
Ended:
Jan 17, 2014