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Sol De America Group
In this Group: Nilce, Beatriz, Elvia, María, Silvia, Cirila, Myrian, Evangelista, María, Wilfrida, Elva, Victoria, Gladys, María, Susana, Cintya*
* not pictured
The group "Sol de América" is a part of the poverty elimination program, which will help the members to continue to work and improve their families' living conditions. One of the members is Elvia, who on her last survey was rated as "Level 2" on the poverty indicator, which is to say a having mid-level income. Elvia, through her spirit and sacrifice, together with her clothing sales, is moving forward. She is a very entrepreneurial, and above all, very determined person who wants to get ahead.

Elvia is asking for this loan to invest in the purchase of various garments, such as jeans, shirts, t-shirts, and other items, which will allow her to continue working.
View original language description ↓
El grupo Sol de América forma parte del programa de eliminación de la pobreza, el cual les ayudará a seguir trabajando y mejorando sus condiciones de vida y la de su familia. Una de las integrantes es la Sra. Elvia, quien en su última encuesta mostro un nivel de pobreza dentro del nivel dos, es decir con ingresos medios, ella por medio de su esfuerzo y su sacrificio, y sumado a la venta de sus prendas, es que está saliendo adelante. Ella es una persona muy emprendedora y por sobre todo muy luchadora, que quiere salir adelante.
Elvia pide este préstamo para poder invertirlo en la compra de prendas variadas, como jeans, camisas, remeras y demás tipo de prendas, que le permitirá seguir trabajando.

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.

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About Paraguay

  • $4,555
    Average annual income
  • 68
    View loans »
    Paraguay Loans Fundraising
  • $29,036,000
    Funds lent in using Kiva
  • 4,639.3
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Sol De America Group's $3,175 loan helped a member to buy jeans, shirts, t-shirts, and other garments.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 23, 2013
Listed
Feb 24, 2014
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2014