Check out some available loans that are similar to this one!
Lapacho Florido Group
In this Group: Maria, Teresa, Maria, Rosa, Alicia, Mirian, Fabiana, Higinia, Cyntia, Liz, Raquel, Liliana, Celina*
* not pictured
The Lapacho Florido Group is part of the "Poverty Stoplight" program (read more about this below), in which some of its members may have very low income though are working to improve that situation.

One of the group's members is Teresa, who has a small but well-stocked bodega which, through a lot of sacrifice and hard work, she is striving to make successful. She is a very hardworking person who is fighting to get ahead.

Teresa is requesting this loan in order to purchase beverages, sodas, grocery items, rice, and other products in order to continue making sales and thereby ensure that her customers are getting everything they need.
View original language description ↓
El grupo lapacho florido esta haciendo la encuesta de eliminación de pobreza, de donde se pudo tener que algunas de las integrantes se encuentran con ingresos muy bajos, pero ellas están trabajando por mejorarlo.
Una de las integrantes es la Sra Teresa, quien tiene una pequeña, pero bien surtida despensa, la cual con mucho sacrificio y esfuerzo está sacando adelante. Ella es una persona muy trabajadora que lucha por salir adelante.
Ella solicita de este crédito para poder invertirlo en la compra de bebidas, gaseosas, comestibles, arroz y demás insumos para poder seguir con sus ventas y de esa forma seguir dando a sus clientes todo lo que necesitan.

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
  • 52
    View loans »
    Paraguay Loans Fundraising
  • $28,129,575
    Funds lent in using Kiva
  • 4,449.4
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Lapacho Florido Group's $2,775 loan helped a member purchase beverages, sodas, groceries, rice, and other products.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 25, 2013
Listed
Aug 27, 2013
Currency Exchange Loss:
Covered
Ended:
Mar 17, 2014