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En Progreso Group
In this Group: Nanci, Deida, Isabel, Blanca, Blanca, Ignacia, Elma, Porfiria, Ana, Florencia, María, Elisa, Virginia, Fermina, Alicia, Juana, Elizabeth*, Gladys*
* not pictured
This group is called “En Progreso” and is made up of women from Ciudad del Este. They are in their fifth cycle of the Committee for Urban Women and are united and hardworking and strengthening the group where they are all committed to help one another get ahead. They are participating in the elimination of poverty survey, where they are all working to help their poverty situation.

Nanci is the group’s president, is very enthusiastic, and always puts forth her best effort in her work, a beauty salon which she is constantly improving. Now she has a good location where she can serve her customers. Her dream is to set up a larger area and also provide jobs for others.

She is asking for this loan to buy cosmetics so she can increase her inventory or products and continue to improve her income.
View original language description ↓
El grupo llamado En Progreso lo conforman mujeres de Ciudad del Este, están en su 5º ciclo del programa de comité de Mujeres Urbanas; son muy unidas y trabajadoras y mediante la ayuda entre todas van fortaleciendo el grupo donde todas se comprometieron a trabajar y ayudarse entre todas para salir adelante. Están haciendo la encuesta de eliminación de pobreza, donde gracias al trabajo de todas han ido mejorando su situación de pobreza.
Nanci es la presidenta de este grupo, quien es muy entusiasta y siempre pone su mejor esfuerzo en el trabajo que tiene, el cual es una peluquería que con mucho esfuerzo ha ido mejorando y hoy ya tiene un buen lugar donde dar el servicio a sus clientes. Su sueño es poder tener un local más grande y también poder dar trabajo a otras personas.
Pide este préstamo para la compra de cosméticos, con lo cual podrá aumentar más la cantidad de cosas que ofrece en su salón para seguir mejorando 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

  • $8,400
    Average annual income
  • 74
    View loans »
    Paraguay Loans Fundraising
  • $30,816,725
    Funds lent in using Kiva
  • 4,454.3
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of En Progreso Group's $6,350 loan helped a member to buy supplies.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 29, 2014
Listed
Feb 25, 2014
Currency Exchange Loss:
Possible
Ended:
May 22, 2014