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San Cayetano Group
In this Group: Cayetana, Maria, Maxima, Miguelina, Reinilda, Felicia, Idalina, Magdalena, Nilsa, Nilda, Juana, Graciela, Yrma, Andrea, Julia
The 'San Cayetano' group is part of the Poverty Stoplight Program, where everyone receives training about how to grow and improve their quality of living. One of the members is Cayetana who is the president of the group. She always motivates her companions to continue to grow and each day work to be better. She tells us that amongst the work she does, she sells clothing. She has to do this with a lot of effort as she is trying to work her way out of poverty. She is requesting this loan to buy a variety of clothing which she will re-sell. Which will help her fulfill her business plan and help her increase her revenues.
View original language description ↓
San Cayetano es un grupo que está formando parte del programa de eliminación de la pobreza, donde todas están recibiendo capacitaciones para poder crecer y mejorar su calidad de vida.
Una de las integrantes es la Sra. Cayetana, quien es la presidenta de este grupo, la cual motiva siempre a sus compañeras a poder seguir creciendo y esforzarse cada día más por mejorar. Entre el trabajo que ella hace cuenta que se dedica a la venta de ropas, también se debe destacar el gran esfuerzo que ella está haciendo por ir superando su pobreza
La Sra. Solicita de este crédito para la compra de prendas variadas para la venta, lo que le ayudará a tener a concretar su plan de negocio, el cual le ayudará a 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

  • $4,555
    Average annual income
  • 46
    View loans »
    Paraguay Loans Fundraising
  • $29,035,975
    Funds lent in using Kiva
  • 4,528.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of San Cayetano Group's $3,175 loan helped a member to buy a variety of clothing for resale.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 15, 2013
Listed
Dec 17, 2013
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2014