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Perpetuo Socorro Group
In this Group: Maria, Valentina, Salustiana, Albina, Justina, Alejandra, Clementina, Jacinta, Clementina, Herma, Maria, Asunción, Tomasa, Maria, Nilda, Concepción, Fidelina, Norma, Lilian, Ramona, Diana, Carmen
"Perpetua Socorro" is the name of this communal bank, which was formed in the city of Ita. All of the members are taking the poverty elimination survey, so that each one's situation will be understood, and the group can join forces.

One of the members is Albina, who has a business selling fruit. She comments that through her work, she helps and contributes to the household and provides for her family's daily needs.

Having completed business plan training pertaining to food sales, Albina is also going to start up a business selling food. Albina is requesting a loan to buy fruits and vegetables, and also to buy supplies for her food sales business. This will help her to carry out her business plan, which will enable her to increase her income.

In the photo 23 women appear, because this group has this many members. In this loan cycle some of them will not be participating in the loan, but will co-sign anyway.
View original language description ↓
Perpetuo Socorro es un grupo formado en la ciudad de Ita, donde todas ellas están haciendo la encuesta de eliminación de la pobreza, para que por medio de esto puedan conocer la situación de cada una y unir esfuerzos.
Una de las integrantes es la Sra. Albina se dedica a la venta de Frutas y cometa que por medio de su trabajo ella ayuda y aporta a la casa, dando a su familia lo que necesitan para el día a día.
Ella con la capacitación de Plan de Negocios sobre Venta de Comidas también está incursionando en esta venta.
La Sra. Albina Solicita este crédito para la compra de Frutas y verduras, también la compra de materias primas para su negocio de Venta de Comidas; lo que le ayudará a concretar su plan de negocio, el cual le ayudará a mejorar sus ingresos.
En la foto aparecen 23 mujeres, ya que el grupo tiene ese numero de integrantes, pero en este ciclo una de ellas no retira el crédito, pero firma de igual manera.

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
  • 55
    View loans »
    Paraguay Loans Fundraising
  • $29,537,050
    Funds lent in using Kiva
  • 4,475.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Perpetuo Socorro Group's $5,125 loan helped a member to buy fruits and vegetables to sell, and also ingredients to make food to sell.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 16, 2013
Listed
Oct 15, 2013
Currency Exchange Loss:
Possible
Ended:
Feb 21, 2014