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Mujeres Unidas Al Progreso Group
In this Group: Marta, Limpia, Silvana, Esther, Lucia, Maria, Constancia, Adelaida, Victoria, Maria, Laura, Ruth, Lida, Isabel, Gregoria, Cinthia, Rafaela, Susana*, Debora*
* not pictured
This group is in its 23rd loan cycle. The members have worked together for a long time in a cooperative manner as they strive to improve. For this reason, they have named themselves "Mujeres Unidas al Progreso" (United Women for Progress), which is quite appropriate since they are close-knit and all of them are looking to make progress. They are also participating in the poverty elimination program and have taken the poverty elimination survey.

One of the members is Sra. Esther, whose results indicated that she is at a Level 1 poverty stage. In other words, she has very low income. Through her work and effort, she continues to apply the essential behaviors that are characteristic of a successful woman so that she can begin to improve. Esther sells cosmetics and is requesting a loan in order to buy a wider variety of products. This will enable her to continue her sales and strive toward improving her income.
View original language description ↓
Este grupo está en su ciclo 23, es un grupo bastante antiguo que viene trabajando juntas de manera unida y luchando por mejorar, lleva por nombre mujeres unidas al progreso, ya que por eso justamente ellas se han unido, en busca del progreso de todas. Están formando parte también del programa de eliminación de pobreza, haciendo la encuesta de eliminación de la pobreza.
Una de las integrantes es la Sra. Esther, quien en su encuesta mostró un nivel de pobreza dentro del nivel uno, es decir con ingresos muy bajos, pero ella a través del esfuerzo y el trabajo continuo y la aplicaciones de los comportamientos vitales de una mujer exitosa que quiere empezar a mejorar.
Ella se dedica a la venta de cosméticos y pide este préstamo para poder comprar mas variedades de cosméticos, y así seguir con sus ventas y luchando por mejorar 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
  • 93
    View loans »
    Paraguay Loans Fundraising
  • $30,964,825
    Funds lent in using Kiva
  • 4,431.8
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Mujeres Unidas Al Progreso Group's $5,325 loan helped a member to buy cosmetics to sell.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 16, 2013
Listed
Nov 26, 2013
Currency Exchange Loss:
Possible
Ended:
Feb 21, 2014