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Kuña Pyapy Mbarete Group
In this Group: Lorena, Mirtha, Ana, Elva, Elizabeth, Catalina, Idalina, Noelia, Graciela, Preseveranda, Liliana, Jacinta, Gladys, Elva, Hilda, Maria
The communal bank called "Kuña Pyapy Mbarete" is in their first cycle with the Woman's Committee Program. They all promise to work and help each other to get ahead. They are participating in the Poverty Stoplight program. Four of the sixteen women are below the poverty line, that is to say with very low income. But they are working to improve their lives.

One of these women is Noelia, who in the survey showed up with a poverty level one, that is indicating low income. But she is conscious that she must continue working. She does hairdressing and with her loan wants to buy greater quantities of nail polish and various materials so as to lower her costs.

All the members are grateful for the opportunity they have been given.
View original language description ↓
El grupo llamado Kuña Pyapy Mbarete está en su Primer ciclo del programa de comité de mujeres, donde todas se comprometieron a trabajar y a ayudarse entre todas para salir adelante. Están haciendo la encuesta de eliminación de pobreza, donde 4 de las 16 señoras se encuentran por debajo de la línea de pobreza, es decir con ingresos muy bajos, pero trabajando por mejorar sus vidas.
Una de las integrantes es la Sra. Noelia, quien en su encuesta mostró un nivel de pobreza dentro del nivel uno, es decir con bajos ingresos, pero consciente de que debe seguir trabajando. Ella se dedica a la peluquería y con su crédito quiere comprar productos en mayor cantidad de esmaltes y materiales variados para abaratar los costos. Agradece por la oportunidad que están recibiendo todas las integrantes.

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.

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About Paraguay

  • $4,555
    Average annual income
  • 50
    View loans »
    Paraguay Loans Fundraising
  • $28,564,525
    Funds lent in using Kiva
  • 4,474.5
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Kuña Pyapy Mbarete Group's $2,650 loan helped a member to buy nail polish and various materials.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 11, 2013
Listed
Oct 4, 2013
Currency Exchange Loss:
Covered
Ended:
Apr 16, 2014