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Santa Librada Group
In this Group: Virginia, Gilda, Gladys, Idalina, Mirian, Juana, Alicia, Mercedes, Mirtha, Yrene, Celia, Lilian, Maria, Julia, Faustina, Sheila, Rosa, Arbolinda, Celia, Veronica
The Santa Librada group is in its fourth cycle of the women's communal bank program, in which all the members committed to working and helping each other to get head. These women are in the poverty elimination program and using the survey of 50 poverty indicators to distinguish their individual circumstances. Lilian is a member of this group whose survey indicated that she is at level one, meaning she has a low income. She sells clothing and wants to increase her income from this job which will help her to continue providing for her family and preventing hardships for them. She has worked since she was young and this is why she is continuing to grow. Lilian requests this loan in order to buy assorted clothing with which to continue her sales and increase her income so she can help family members who depend on her.
View original language description ↓
El grupo llamado Santa Librada está en su 4to ciclo del programa de comité de mujeres, donde todas se comprometieron a trabajar y a ayudarse entre todas para salir adelante. Ellas están dentro del programa de eliminación de la pobreza y aplicando la encuesta de los 50 indicadores de pobreza para conocer como están todas.
Forma parte de este grupo la Sra. Lilian, quien en su encuesta mostró estar en el nivel uno, es decir con ingresos bajos. Ella vende prendas variadas, y con este trabajo quiere ir mejorando sus ingresos, lo que le ayudara a seguir dando a su familia lo que necesitan y que no pasen por necesidades. Ella desde joven ha trabajado, y es por eso que está creciendo cada vez más.
Solicita este préstamo para poder invertirlo en la compra de prendas variadas, con lo que podrá seguir con sus ventas y mejorando sus ingresos para ayudar a sus familiares que dependen de ella.

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
  • 58
    View loans »
    Paraguay Loans Fundraising
  • $28,869,750
    Funds lent in using Kiva
  • 4,434.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Santa Librada Group's $4,800 loan helped a member to buy assorting clothing to sell.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 7, 2013
Listed
Nov 3, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2014