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Las Emprendedoras Group
In this Group: Petronila, Rosa, Evangelista, Lourdes, Felipa, Angela, Maria, Mary, Nilda, Victoria, Mercedes, Perla, Mirna, Pablina, Marta, Victorina, Gladys*
* not pictured
“Las Emprendedoras” (The Enterprising Ones) is a group that is in its 11th loan cycle with the Women Entrepreneurs Program. They strive and work together in order to promote friendship. They have taken a poverty elimination survey, which indicates that two of the members are below the poverty line. In other words, they have low income. However, they are aware that they only way to grow is through their work.


Sra. Rosa is the group treasurer. She sells vegetables and ice. Rosa says that she is requesting a loan for buying vegetables such as peppers, onions, tomatoes, potatoes, garlic, lettuce, as well as bags for packing ice, and other items. She is grateful to be part of this group, which helps her to keep growing.

View original language description ↓
Las Emprendedoras esta en su ciclo 11 del programa de mujeres emprendedoras, ellas luchan y trabajan juntas para fomentar su compañerismo. Están haciendo la encuesta de eliminación de pobreza, donde 2 de ellas se encuentran por debajo de la línea de pobreza, es decir con ingresos bajos, pero son conscientes de que la única forma de crecer es por medio de su trabajo.
La Sra. Rosa es la Tesorera del grupo, ella es vendedora de Verduras y también de hielos, y comenta que solicita de este crédito para poder utilizar en la compra de sus verduras tales como, locotes, cebollas, tomates, papas, ajos, lechugas y bolsitas para su hielo entre otras cosas. Ella esta agradecida de formar parte del grupo, que les ayudará a seguir creciendo.

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
  • 49
    View loans »
    Paraguay Loans Fundraising
  • $29,519,225
    Funds lent in using Kiva
  • 4,479.5
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Las Emprendedoras Group's $4,475 loan helped a member to buy peppers, onions, tomatoes, potatoes, garlic, lettuce, as well as bags for packing ice, and other items.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 19, 2013
Listed
Jul 25, 2013
Currency Exchange Loss:
Covered
Ended:
Nov 17, 2013