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Kuñs Guapa 2 Group
In this Group: Epifania, Lilian, Ninfa, Zunilda, Fermina, Alicia, Norma, Nimia, Raquel, Rosa, Apolonia, Nardy, Mariela, Karen, Irma, Blasida, Mirta, Ramona, Norma*
* not pictured
The group called Kuña Guapa 2 is in the second cycle of the program of the committee of women. They are part of a program for the eradication of poverty. The women work together in order to help their families overcome the limitations they have. One of the members is Mrs. Epifania who showed in her survey a level 1 of poverty, which means that she receives a low income but that she is working to improve her life. She works selling clothing in order to survive and that is how she is fighting to improve her life. She says that it is very difficult because there is a lot of competence but that she is doing it for her family. She is requesting this loan in order to buy different pieces of clothing to continue with her sales like she has been doing, as well as to continue to improve her income.
View original language description ↓
El grupo llamado Kuña guapa 2 está en su segundo ciclo del programa de comité de mujeres, forman parte del programa de eliminación de pobreza, trabajando todas juntas para poder ayudar a sus familias e ir superando las limitaciones que tienen.
Una de las integrantes es la Sra. Epifania quien en su encuesta mostró un nivel de pobreza dentro del nivel uno, lo que quiere decir que esta con un nivel de ingresos bajos, pero trabajando por mejorar su vida. Ella vende ropas como medio de subsistir y es así que está luchando por mejorar sus condiciones de vida. Dice que es muy difícil ya que hay mucha competencia, pero que lo hace por su familia.
Solicita de este crédito para poder invertirlo en comprar distintos tipos de prendas y así seguir con sus ventas como lo viene haciendo, además de poder seguir mejorando sus 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

  • $8,400
    Average annual income
  • 69
    View loans »
    Paraguay Loans Fundraising
  • $30,816,725
    Funds lent in using Kiva
  • 4,434.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Kuñs Guapa 2 Group's $3,850 loan helped a member to purchase different pieces of clothing for sale.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 4, 2013
Listed
Nov 3, 2013
Currency Exchange Loss:
Possible
Ended:
Feb 21, 2014