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Divino Niño Jesus Group
In this Group: Isidra, Sara, Virgilia, Carolina, Santiaga, Isabel, Johana, Magda, Sonia, Maria, Ruth, Sandra, Nancy, Maria, Nancy, Laureana*, Gloria*
* not pictured
“Divino Niño” (Divine Child) is in cycle 11 in the women’s committee program. All of them work and help each other to get ahead. They are taking the poverty elimination survey and four of the members are below the poverty line, that is, with very low income; but they must continue striving.

Virgilia works selling food and she relates that she does very well since her dishes are very delicious and quite sought-after. She’s acquired a very good clientele thanks to her good product and thanks to her always being a very pleasant person while selling.

Virgilia’s asking for this loan to buy baked goods, preservers, vegetables, meat and other things that will help her increase her income and her dishes. She’s grateful for the opportunity she’s getting.
View original language description ↓
Divino Niño Jesus está en su ciclo 11 del programa de comité de mujeres, donde todas trabajan y se ayudan por salir adelante. Están haciendo la encuesta de eliminación de pobreza, donde cuatro integrantes se encuentran por debajo de la línea de pobreza, es decir con ingresos muy bajos, pero deben seguir luchando.
Virgilia se dedica a la venta de comestibles, y cuenta que le va muy bien, ya que sus comestibles son muy ricos y solicitados, se ha hecho de muy buena clientela gracias a su buen producto y gracias a que siempre es una persona muy agradable con sus ventas.
La Sra Virgilia solicita de este crédito para la compra de panificados, Conservantes, verduras, carnes y demás lo que le ayudará a tener mayores ingresos y comestibles. Agradece por la oportunidad que está recibiendo.

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
  • 75
    View loans »
    Paraguay Loans Fundraising
  • $30,204,950
    Funds lent in using Kiva
  • 4,445.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Divino Niño Jesus Group's $3,475 loan helped a member to buy baked goods, preservers, vegetables, meat and other ingredients.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 19, 2013
Listed
Oct 22, 2013
Currency Exchange Loss:
Possible
Ended:
Feb 21, 2014