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Tekoporave Group
In this Group: Emilia, Teodora, Victorina, Feliciana, Juana, Juana, Teresa, Ramona, Susana, Isidora, Olga, Ernesta, Zulma, Ramona, Sotera*, Eleuteria*
* not pictured
The group called Tekoporave in its third cycle in the women’s committee program. They are also taking the poverty elimination survey as a tool to aid them. They are hardworking, tenacious friends and neighbors from the city of Caaguazú.

Emilia is one of them. She also took the poverty elimination survey and comments that she works selling varied clothing items with which she’s improving her life very much and has helped her family.

She’s asking for this loan to buy more clothes, especially for summer, because the hot weather is approaching and she wants to continue working and giving her customers wheat they are asking for.
View original language description ↓
El grupo llamado Tekoporave está en su tercer ciclo del programa de comité de mujeres, también están haciendo la encuesta de eliminación de la pobreza, como una herramienta de ayuda para ellas. Son amigas y vecinas de la ciudad de Caaguazú, luchadoras y trabajadoras.
Emilia es una de ellas, también hizo la encuesta de eliminación de pobreza, comenta que se dedica a la venta de prendas de variadas clases con lo cual está mejorando mucho su vida y ha ayudado a su familia.
La Sra. Solicita este crédito para comprar más prendas, en especial de verano, ya que se acerca el calor y quiere seguir trabajando y dando a sus clientes lo que pide.

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
  • 18
    View loans »
    Paraguay Loans Fundraising
  • $29,405,000
    Funds lent in using Kiva
  • 4,457.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Tekoporave Group's $3,475 loan helped a member to buy summer clothes to sell.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 24, 2013
Listed
Oct 28, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2014