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Porsperidad Group
In this Group: Ninfa, Catalina, Norma, Margarita, Lidia, Sonia, Vidalia, Myrian, Gloria, Wilma, Ursulina, Mabel, Rosa*
* not pictured
Prosperidad is a group of women which is in its 21st cycle of the committee program. All of the members work and help each other to succeed through their work together. They are participating in the poverty elimination survey. One of the members is below the poverty line and is fighting to improve.

One member to highlight is Gloria, who is a hairdresser. She says that she always gives her clients a good service, which is why they always come back. Thanks to this, she is growing. Gloria says that it was very difficult in the beginning, but now she has a solid clientele.

She is applying for this loan to invest in the purchase of hair dye, shampoo, rinses, creams, and other supplies so that she can continue studying and improving.
View original language description ↓
Prosperidad es un grupo de mujeres, está en su ciclo número 21º del programa de comité, donde todas trabajan y se ayudan por salir adelante por medio de ese trabajo en conjunto. Están haciendo la encuesta de eliminación de pobreza, donde 1 de ellas se encuentran por debajo de la línea de pobreza, luchando por mejorar.
Una persona a destacar a la señora Gloria, quien es peluquera, y comenta que siempre da un buen servicio a sus clientes es el porqué vuelven siempre, es gracias a eso que esta creciendo. Gloria comenta que al principio le fue muy difícil, pero que hoy en días ya tiene su clientela bien formada.
Solicita de este crédito para poder invertirlo en la compra de tintes, shampoo, enjuagues, tintes, cremas, y demás insumos para podre seguir estudiando e ir mejorando.

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
  • 66
    View loans »
    Paraguay Loans Fundraising
  • $29,036,000
    Funds lent in using Kiva
  • 4,445.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Porsperidad Group's $6,225 loan helped a member to buy hair dye, shampoo, rinses, creams, and other products.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 16, 2013
Listed
Sep 16, 2013
Currency Exchange Loss:
Covered
Ended:
Jan 17, 2014