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Rincon Guazu Poty Group
In this Group: Graciela, Antonia, Gertrudis, Laura, Rosalia, Graciela, Laura, Angela, Cinthia, Flora, Faustina, Liz, Ignacia*
* not pictured
The communal bank "Rincon Guazu Poty" is in its third loan cycle. The members are taking the poverty elimination survey, which shows that three of the women are below the poverty line and working to improve their income.

Graciela is one of the members who is improving her situation through her efforts and hard work. She sells staple goods and is able to help her family so she can give them everything she could not have. She is a hard-working entrepreneur. She is requesting a loan to buy more products such as rice, sugar, spices, noodles, etc. to improve her income.
View original language description ↓
El grupo llamado Rincon Guazu Poty está en su ciclo número 3. Están haciendo la encuesta de eliminación de pobreza, donde 3 señoras se encuentran por debajo de la línea de pobreza, trabajando por mejorar su nivel de ingresos.
Graciela, una de ellas a través del esfuerzo y el trabajo se encuentra mejorando su situación de pobreza. Ella es vendedora de productos de primera necesidad con lo que está ayudando a su familia y quiere poder darles todo lo que ella no pudo tener, es una persona muy trabajadora y emprendedora.
La Sra. Solicita de este crédito para la compra de más productos como arroz, azúcar, yerba, fideos, etc., 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

  • $4,555
    Average annual income
  • 40
    View loans »
    Paraguay Loans Fundraising
  • $30,204,950
    Funds lent in using Kiva
  • 4,449.4
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Rincon Guazu Poty Group's $1,825 loan helped a member to buy rice, sugar, spices, noodles, etc.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 26, 2013
Listed
Aug 27, 2013
Currency Exchange Loss:
Covered
Ended:
Mar 17, 2014