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Ita Yvate Group
In this Group: Rosana, Zulma, Zully, Sotera, Porfiria, Fermina, Roberta, Lilian, Nilsa, Maria, Isabel, Laura, Yanina, Dorys, Ramona
The Ita Yvate group is in its sixth cycle of the communal bank programme. They are carrying out a survey into eliminating poverty and want to use it to find out what each of them is like so as to be able to work and improve their income. One of the members is Rosana, who sells various seasonal fruits. She is a very hardworking and enterprising person who, with determination and sacrifice, is struggling to get by and give her family everything she could not have. Her ambition is to have a big and well-stocked stall and to improve her living conditions. She is applying for this loan to invest in the purchase of seasonal fruits, which will enable her to keep her business going and improve her income.
View original language description ↓
El grupo llamado Ita Yvate está en el ciclo número 6 del programa de comité, ellas están haciendo la encuesta de eliminación de pobreza, y con ello quieren poder saber cómo esta cada una para poder trabajar y mejorar sus ingresos.
Una de las integrantes es la Sra. Rosana, quien se dedica a la venta de frutas variadas y de estación. Ella es una persona muy trabajadora y emprendedora, que con esfuerzo y sacrificio esta luchando por salir adelante y dar a su familia todo lo que ella no pudo tener. Su meta es poder tener un gran puesto surtido y mejorar sus condiciones de vida.
Solicita de este crédito para poder invertirlo en la compra de frutas de estación, con lo que podrá seguir con sus ventas y mejorar ingresos.

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
  • 30
    View loans »
    Paraguay Loans Fundraising
  • $28,082,175
    Funds lent in using Kiva
  • 4,429.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Ita Yvate Group's $3,500 loan helped a member to buy seasonal fruit to sell.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 25, 2013
Listed
Oct 29, 2013
Currency Exchange Loss:
Possible
Ended:
Feb 21, 2014