Check out some available loans that are similar to this one!
Rios Group
In this Group: Sonia, Elsa, Olga, Rumilda, Rosalia, Francisca, Cristina, Angelina, Karina, Myrian, Rita, Miguelina, Vidalia, Maria, Blanca, Nancy, Marta, Lidia*, Mabel*
* not pictured
The group called Rios is in its second cycle in the women's committee program, where they all work and help each other get ahead. They are participating in the poverty elimination program, where 6 members are under the poverty line, that ism they have very low income, but all of them are fighting to improve their lives.

Sonia is the president of the group. She stands out as a very enthusiastic woman who always tries to be an example for the other members of the group. She works selling vegetables, since with this work she can help her family, giving them everything she wasn't able to have. She is asking for this loan to be able to invest it in buying peppers, tomatoes, onions and other vegetables to be able to continue selling.
View original language description ↓
El grupo llamado Rios está en su Segundo ciclo del programa de comité de mujeres, donde todas trabajan y se ayudan por salir adelante. Están haciendo la encuesta de eliminación de pobreza, donde 6 integrantes se encuentran por debajo de la línea de pobreza, es decir, con ingresos muy bajos, pero todas están luchando por mejorar sus vidas.
Sonia es la presidenta de este grupo, ella se destaca por ser una mujer muy entusiasta, que siempre trata de dar el ejemplo a sus compañeras del grupo. Ella se dedica a la venta de verduras, ya que por medio de este trabajo puede ayudar a su familia, dándoles todo lo que ella no pudo tener. Pide este préstamo para poder invertirlo en la compra de locotes, tomates, cebollas, y también hortalizas para poder seguir con sus ventas.

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
  • 136
    View loans »
    Paraguay Loans Fundraising
  • $31,646,450
    Funds lent in using Kiva
  • 4,618.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Rios Group's $4,025 loan helped a member to buy peppers, tomatoes, onions, and other vegetables.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 19, 2013
Listed
Feb 24, 2014
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2014