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Rosa Mistica Group
In this Group: Mirian, Maria, Marta, Elizabeth, Yenilda, Dominga, Antonia, Elsa, Wilma, Sara, Maria, Ana, Teresa, Mirtha, Antonia, Liliana*
* not pictured
The Rosa Mistica group is in their second cycle with the women's committee program, where they all promise to work together and help each other to move forward. They are participating in the poverty elimination survey and one of the sixteen women was found to be below the poverty line, with low income, but working to improve it.

One of the group members is Liliana, who wants to improve her poverty situation with effort, continuous work, and the application of the vital behaviors of a successful woman. She works selling clothing and says that the competition is hard, but it does not discourage her, since this is the only way she has to help her family.

She is requesting this help to purchase winter clothing since it is winter time and she wants to continue with her sales, since it is her only source of income.
View original language description ↓
El grupo llamado Rosa Mistica está en su Segundo ciclo del programa de comité de mujeres, donde todas se comprometieron a trabajar y a ayudarse entre todas para salir adelante. Están haciendo la encuesta de eliminación de pobreza, donde una de las dieciséis señoras se encuentran por debajo de la línea de pobreza, es decir con ingresos muy bajos, pero trabajando por mejorarlo
Una de las integrantes es la Sra. Liliana, quien a través del esfuerzo y el trabajo continuo y las aplicaciones de los comportamientos vitales de una mujer exitosa ella desea mejorar su situación de pobreza. Ella se dedica a la venta de ropas, y comenta que la competencia es dura, pero que no se desanima, ya que es la única forma que tiene de ayudar a su familia.
Ella pide esta ayuda para comprar prendas de invierno, ya que estamos en temporada invernal y quiere seguir con sus ventas, que es su única fuente de 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
  • 46
    View loans »
    Paraguay Loans Fundraising
  • $27,437,225
    Funds lent in using Kiva
  • 4,449.4
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Rosa Mistica Group's $3,300 loan helped a member to purchase winter clothing to sell.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 25, 2013
Listed
Aug 26, 2013
Currency Exchange Loss:
Covered
Ended:
Mar 17, 2014