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Victoria Group
In this Group: Nelly, Sonia, Edith, Santa, Ana, Mercedes, Adelina, Francisca, Ada, Celia, Elena, Juana, Maria, Brigida, Miguela, Antonia, Hermalinda, Ramona*
* not pictured
The group called Victoria is in cycle #1; it’s a new group in the women’s committee program with high expectations. All of them work and help each other get ahead. They are taking the poverty elimination survey as a way to know each of their situations.

Ana is asking for her loan to buy assorted clothes for she works as a street vendor selling clothes. She comments that she’s hopeful that by means of this group she will be able to improve her life and her economy as well as her family’s.
View original language description ↓
El grupo llamado Victoria está en su ciclo número 1, es un grupo nuevo con grandes expectativas del programa de comité de mujeres, todas trabajan y se ayudan para salir adelante. Además están haciendo la encuesta de eliminación de pobreza, como un medio de conocer la situación de todas.
La Sra. Ana solicita su préstamo para la compra de ropas de variadas clases ya que se dedica en la venta ambulante de dichos productos. Comenta que esta esperanzada de que, a través de este grupo pueda ir mejorando su vida, su economía y también la de su familia.

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
  • 17
    View loans »
    Paraguay Loans Fundraising
  • $29,459,275
    Funds lent in using Kiva
  • 4,475.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Victoria Group's $3,100 loan helped a member to buy clothes to sell.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 16, 2013
Listed
Oct 15, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2014