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Amanecer Group
In this Group: Pablina, Francisca, Ramona, Felipa, Adela, Teresa, Sandra, Lilia, Andrea, Katerin, Auxiliadora, Marta, Sandra, Ramona*, Rosa*, Patricia*
* not pictured
The Amanecer group is in their 14th loan cycle. The group is putting in their best effort to be able to move forward. They are participating in the poverty elimination survey, which allows them to know the living situation of each member.

Felipa is a member of the group. She works making and selling cleaning products in her home. She has a good customer base formed. In her last survey, she was outside the poverty line, but she will continue working enthusiastically and training herself.

She is requesting this loan to invest in chemicals to make her cleaning products. She is grateful for the opportunity she is receiving to be able to grow and move forward.
View original language description ↓
Este grupo se llama Amanecer, y ya está en su ciclo número 14, donde todas y cada una está poniendo su mejor esfuerzo para poder salir adelante. Ellas están haciendo la encuesta de eliminación de la pobreza, que les permitirá conocer la situación de vida en la que cada una está.
Felipa es miembro de este grupo, ella se dedica a la elaboración y venta de elementos de limpieza en su domicilio, tiene una buena clientela formada , en su última encuesta se encontraba fuera de la línea de la pobreza, pero de igual manera sigue muy entusiasmada trabajándose y capacitándose.
Pide este préstamo para poder invertirlo en la compra de productos químicos para hacer sus productos de limpieza. Agradece por esta oportunidad que está recibiendo de poder crecer y salir adelante.

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
  • 86
    View loans »
    Paraguay Loans Fundraising
  • $31,419,450
    Funds lent in using Kiva
  • 4,420.3
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Amanecer Group's $4,100 loan helped a member to purchase chemicals to make cleaning products.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 17, 2014
Listed
Apr 27, 2014
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2014