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Mujeres Emprendedoras Group
In this Group: Elba, Bienvenida, Guillermina, Wilma, Felicita, Aurora, Juliana, Elvira, Mariana, Patricia, Gladys, Carlina, Lurdes, Nidia, Teodolina*, Myrian*, Johana*
* not pictured
The Mujeres Emprendedoras group is in its 15th cycle with the committee program. All of them are friends and neighbors in the city of Encarnación. They have seen a great opportunity for growth, and that is why they decided to unite and work together. They are taking the elimination of poverty survey in order to know about each of their situations.

Aurora is one of the members. She sells sweet and savory food. The loan that she is requesting is to buy supplies to make the food. She has a very good demand, and her customers always place orders with her. She says that in the last survey she was within the poverty line. However, she put forth great effort, and this way she was able to improve and grow.
View original language description ↓
El grupo Mujeres Emprendedoras está en el 15º ciclo del programa de comité, todas ellas amigas y vecinas de la ciudad de Encarnación, ellas han visto una gran oportunidad de crecimiento y por eso decidieron unirse y trabajar juntas. Ellas están haciendo la encuesta de eliminación de pobreza para conocer la situación de cada una.
Una de las integrantes es la Sra. Aurora, ella se dedica a la venta de comidas dulces y saladas y el crédito lo solicita para la compra de insumos para la elaboración de las comidas ya que tiene muy buena demanda y sus clientes siempre le hacen pedidos. Comenta que en su última encuesta se encontraba dentro de la línea de la pobreza, pero se esforzó y de esa forma pudo ir mejorando y creciendo.

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
  • 50
    View loans »
    Paraguay Loans Fundraising
  • $29,518,125
    Funds lent in using Kiva
  • 4,425.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Mujeres Emprendedoras Group's $6,275 loan helped a member to buy supplies to make food.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 28, 2013
Listed
Sep 29, 2013
Currency Exchange Loss:
Covered
Ended:
Jan 17, 2014