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Sol Naciente Group
In this Group: Liz, Emilce, Ldia, Ana, Basilia, Ruth, Juana, Nilda, Nancy, Nancy, Claudia, Altagracia, Alicia, Eusebia, Ana, Elida, Hilse, Cecilia*
* not pictured
This group is in its 20th cycle of the women's communal bank program, where all the women work together and help each other get ahead. They are also part of the poverty elimination program, which is a way to help them not only with economic but also personal growth.

Emilce's life deserves to be pointed out. She is a very selfless person who does cleaning work for a company and also has a small shop where she sells foodstuffs. She works hard every day so she can help her family. She is constantly striving to improve and be able to grow. Emilce requests this loan so she can buy supplies for her store, such as beverages, groceries, dairy products, baked goods, etc., which will allow her to continue growing and improving. She is happy that she and the other women have this opportunity.
View original language description ↓
Este grupo está en su ciclo 20 del programa de comité de mujeres, donde todas trabajan y se ayudan por salir adelante. También forman parte del programa de eliminación de pobreza, como un medio para poder ayudarlas, no solo a crecer en lo económico, sino también como personas.
Alguien digno de destacar, es la vida de la señora Emilce, quien es una persona muy sacrificada, ya que se dedica a hacer limpiezas, a través de una empresa, también se dedica a las ventas, ya que tiene su pequeña despensa, en la que lucha día a día para poder ayudar a su familia. Ella está constantemente luchando por mejorar y poder crecer.
Pide de este crédito para poder invertirlo en la compra de insumos para su negocio, como ser bebidas, comestibles, lácteos, panificados y demás, que le permitirá seguir creciendo y mejorado. Está contenta por esta oportunidad que todas están recibiendo.

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
  • 94
    View loans »
    Paraguay Loans Fundraising
  • $31,557,250
    Funds lent in using Kiva
  • 4,494.4
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Sol Naciente Group's $3,900 loan helped a member to buy beverages, groceries, dairy products, baked goods, and other products.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 11, 2013
Listed
Dec 11, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2014