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Nuevas Emprendedoras Group
In this Group: Hilda, Elisa, Dominga, Eligia, Lidia, Bacilicia, Dima, Nidia, Timotea, Sebastiana, Maria, Maria, Jovina, Maria, Faustina, Analicia, Ninfa, Johana, Lucia*, Ramona*, Norma*, Yanina*
* not pictured
The group 'Nuevas Emprendedoras' (means 'New Entrepreneurs') is in its second loan cycle with the lending institution. They completed a questionnaire designed to help them determine where they stand with regard to the poverty line so that they can work to remedy the situation. Hilda works as a seamstress and makes sheets, pillowcases, clothing for the great outdoors, shirts for the office, school clothes, and bedspreads. The institution has people advising the group on what to learn, check that the members attend the relevant classes, and encourage the women to fight to overcome poverty. The work of these advisers is very appreciated. Hilda asks for a loan in order to buy cloth so as to make more items. This will help her improve her business plan and increase her income.
View original language description ↓
El grupo Nuevas Emprendedoras está en su ciclo número 2, donde ellas están haciendo la encuesta de eliminación de la pobreza, ya que podrán conocer la situación de cada una y conforme a ello poder trabajar.
Hilda entre el trabajo que ella hace cuenta que confecciona sabanas, fundas, ropas para estancias, camisas de oficina, buzo para escuela, colchas, también se debe destacar el trabajo de las asesoras, quienes hacen un seguimiento permanente de capacitaciones y verificaciones que de alguna manera exigen y al mismo tiempo incentivan a las mujeres a luchar para poder superar la pobreza.
La Sra. Hilda solicita de este préstamo para la compra de Telas de para poder producir más en cuanto a su actividad, 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

  • $8,400
    Average annual income
  • 91
    View loans »
    Paraguay Loans Fundraising
  • $31,557,250
    Funds lent in using Kiva
  • 4,443.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Nuevas Emprendedoras Group's $4,725 loan helped a member to buy cloth.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 21, 2014
Listed
Apr 17, 2014
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2014