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Santa Librada Group
In this Group: Ceveriana, Sofía, Bernarda, Maria, Silvia, Cristina, Rosa, Silvia, Ana, Victoriana, Carmen, Elva, Maria
“Santa Librada” is in its fourth loan cycle with the committee program. All of the members work and strive to do their best to improve their lives. The members have taken a poverty elimination survey and the results indicated that six of the women are below the poverty line. In other words, they have very low incomes.

One person who is worth mentioning is Sra. Sofia. She sells farm animals, such as chickens and pigs. Sofia says that the animals she raises and sells are of good quality. Through her efforts, she is growing and helping her family. Sofia is a very determined individual who wants to forge ahead. She is requesting a loan so that she can invest in the purchase of balanced feed for her animals. This will enable her to keep striving at her business.
View original language description ↓
Santa Librada está en su ciclo número 4 del programa de comité, donde todas trabajan y se están esforzando al máximo para ir mejorando sus vidas, ellas están haciendo la encuesta de eliminación de pobreza, donde 6 señoras se encuentra por debajo de la línea de pobreza, es decir con ingresos muy bajos.
Una persona digna de destacar es la Sra. Sofia, quien se dedica a la venta de animales de corral, como ser gallinas y cerdos. Comenta que tiene una buena cantidad de animales que cría y luego vende, es por medio de su esfuerzo que está ayudando a su familia y creciendo. Es una persona muy luchadora, que quiere salir adelante.
Sofia solicita de este crédito para poder invertirlo en la compra de balanceados para sus animales y así seguir con su emprendimiento y luchando.

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
  • 82
    View loans »
    Paraguay Loans Fundraising
  • $29,572,925
    Funds lent in using Kiva
  • 4,444.8
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Santa Librada Group's $1,825 loan helped a member to buy balanced animal feed.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 19, 2013
Listed
Sep 19, 2013
Currency Exchange Loss:
Covered
Ended:
Apr 16, 2014