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San Sebastian Group
In this Group: Martina, Estela, Ramona, Mariza, Blasida, Carolina, Mirta, Gorgonia, Claudelina, Daicy, Hermelinda, Perla, Casilda
The group called “San Sebastian” is in its first loan cycle. The members are working together and trying to promote their work as a team. They are from a remote rural village called Villa Ygatimi, a very modest area that has limited access to certain basic services. For this reason, Fundación Paraguaya has chosen to give them this opportunity.


One of the members is Sra. Estela. She is requesting a loan in order to invest in the purchase of animals that she can raise at home for consumption, as well as to sell. Her main occupation is raising and selling farm animals. Through continuous work and effort, she knows that she can make great improvement.

View original language description ↓
El grupo llamado San Sebastian está en el ciclo uno, trabajando juntas y tratando de fomentar el trabajo en equipo. Ellas son de una zona bastante alejada y rural llamada Villa Ygatimi, una zona muy humilde y con poco acceso a ciertos servicios básicos, por lo que la fundación paraguaya apuesta en ellas dándoles esta oportunidad.
Una de las integrantes es la Sra. Estela, ella solicita su crédito para poder invertirlo en compra de animales para poder criar para el consumo de su casa, como también para su venta. Ya que esa es su principal ocupación la de cría y venta de animales de corral.
A través del esfuerzo y el trabajo continuo ella sabe que ira mejorando mucho.

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
  • 86
    View loans »
    Paraguay Loans Fundraising
  • $31,419,450
    Funds lent in using Kiva
  • 4,454.9
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of San Sebastian Group's $2,250 loan helped a member to buy animals to raise and sell.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 29, 2013
Listed
Aug 29, 2013
Currency Exchange Loss:
Covered
Ended:
Mar 17, 2014