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Fortaleza Group
In this Group: Ninfa, Rosana, Gladys, Mercedes, Erika, Francisca, Teresa, Nilda, Cecilia, Juana, Nidia, María, Gabriela, Natalia*, Celsa*, Celia*
* not pictured
Fortaleza is a group in the City of Encarnación. They have been working together for 19 cycles. They are very hardworking women who are giving everything of themselves in order to be able to learn and through that knowledge improve their undertakings. They are doing the survey of poverty elimination in order to be able to know the situation of every one of them and in that way continue working.

One of the members of this group is Gladys, who has a well-stocked grocery store where she provides her customers with high-necessity products. She is very selfless, and day after day she starts to work at very early hours, until very late at night. She is requesting this loan to be able to invest it in the purchase of sodas, milk products, vegetables and other food products in order to continue with her sales.
View original language description ↓
Fortaleza es un grupo de la Ciudad de Encarnación, estan trabajando todas juntas hace ya 19 ciclos, son mujeres muy trabajadoras que estan dando todo de si para poder aprender aprender y por medio de esos conocimientos mejorar sus emprendimientos. Ellas estan haciendo la encuesta de eliminación de pobreza para poder conocer la situación de cada una de ellas y conforme a ello ir trabajando.
Una de las integrantes de este grupo es la Sra. Gladys, quien tiene una despensa bien surtida donde vende y surte a sus clientes con los productos de primera necesidad. Ella es muy sacrificada, ya que día a día empieza a trabajar desde muy tempranas horas, hasta muy tarde en la noche. Solicita de esta crédito para poder invertirlo en la compra de bebidas, lácteos, verduras y demás comestibles para seguir con sus ventas.

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
  • 81
    View loans »
    Paraguay Loans Fundraising
  • $30,772,800
    Funds lent in using Kiva
  • 4,427.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Fortaleza Group's $6,175 loan helped a member to purchase sodas, milk products, vegetables, and other food products.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 15, 2013
Listed
Aug 14, 2013
Currency Exchange Loss:
Covered
Ended:
Dec 17, 2013