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Buena Vista 2 Group
In this Group: Barbara, Adriana, Gladys, Liz, Mariza, Leonidas, Cinthia, Ramona, Juana, Patricia, Mirta, Sandra, Maria, Liz, Maria, Rosa, Perla*
* not pictured
The group Buena Vista 2 is doing the poverty elimination survey enabling them to understand their life situation and according to that to continue working. Perla is one of the members who in her last survey showed a poverty level of 3, in other words she has been improving her life through effort and continuous work and through her store.

Perla says that with a lot of sacrifice she has been able to build her humble store which helps her family to give them everything they need.

Perla is requesting a loan to buy various supplies for her store such as vegetables, fruits, drinks and more, which will help her have and set up her business plan which will help her improve her income.
View original language description ↓
El grupo llamado Buena Vista 2 está haciendo la encuesta de eliminación de la pobreza que les permitirá conocer la situación de vida que cada una tiene y conforme a eso poder seguir trabajando. Una de las integrantes es la Sra. Perla quien en su última encuesta mostró un nivel de pobreza dentro del nivel tres, es decir que ella ha ido mejorando su vida a través del esfuerzo y el trabajo continuo y por medio de la despensa que tiene.
Perla comenta que con mucho sacrificio ha podido montar su humilde despensa con la que ayuda a su familia para poder darles todo lo que necesitan.
La Sra. Perla Solicita de este crédito para la compra de insumos varios para su despensa, como ser verduras, frutas comestibles, bebidas y demás, lo que le ayudará a tener y 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
  • 54
    View loans »
    Paraguay Loans Fundraising
  • $28,140,525
    Funds lent in using Kiva
  • 4,454.3
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Buena Vista 2 Group's $2,875 loan helped a member to purchase vegetables, fruits, drinks and more.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 29, 2014
Listed
Feb 25, 2014
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2014