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Santa Monica Group
In this Group: Dora, Mabel, Blanca, Dionicia, Zunilda, Fatima, Nidia, Noelia, Rossana, Epifania, Sulma, Liz, Carmen, Irma*, Gloria*
* not pictured
“Santa Mónica” is in its first cycle. They all work and help each other out in order to get ahead and gradually improve their and their families’ lives. They are taking the poverty elimination survey and three of the women are below the poverty line, that is to say their source of income is not very secure.

Sulma is one of the members. She has a beauty salon and the work she does should be pointed out because she works every day trying to improve the service she provides her customers and also to earn higher income to help her family who are her inspiration.

She’s requesting this loan to buy all types of emery boards, brushes, eyelashes and glue, decorative thread, cotton, etc. which will help her realize her business plan which in turn will help her improve her income.
View original language description ↓
“Santa Monica” está en su Primer Ciclo, donde todas trabajan y se ayudan por salir adelante, ir mejorando sus vidas y las de su familia. Están haciendo la encuesta de eliminación de pobreza, donde tres de las señoras se encuentran por debajo de la línea de pobreza, es decir que tienen ingresos poco seguro.
Sulma, una de las integrantes, tiene un salón de Belleza también se debe destacar el trabajo que ella hace, ya que trabaja todos los días, tratando de mejorar los servicios que da a sus clientes, también de tener mayores ingresos para ayudar a su familia, quienes son su inspiración.
La Sra. Solicita de este crédito para la compra de todo tipo de limas, pinceles, pestañas y pegamentos, hilo decorativo, Algodón, etc , 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
  • 132
    View loans »
    Paraguay Loans Fundraising
  • $31,646,450
    Funds lent in using Kiva
  • 4,479.5
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Santa Monica Group's $2,550 loan helped a member to buy beauty supplies.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 20, 2013
Listed
Jul 24, 2013
Currency Exchange Loss:
Covered
Ended:
Jan 17, 2014