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Beato San Roque De Santa Cruz Group
In this Group: Cerafina, Hilda, Juana, Maria, Elva, Clara, Maria, Myriam, Ana, Maria, Maria*, Asunciona, Felciana, Lucina, Arminda, Cerafina*, Zulma*, Mercedes
* not pictured
Beato Roque of Santa Cruz is in its second Committees' Program loan cycle. It is also part of the poverty elimination program, in which one of its members, María, entered when she was below the poverty line, but has since improved her situation through her hard effort and work. She works exclusively as an artisan, doing embroidery and crochet. She tells us that she is seeking this loan in order to be able to buy thread, Paraguayan Ao Po'i fabric, linens, and other materials to continue with her embroidery. She is thankful for the opportunity she has received to able to continue growing and improving her living conditions and those of her family.
View original language description ↓
Beato Roque De Santa Cruz está en su ciclo número 2 del programa de comités, también están dentro del programa de eliminación de la pobreza, donde una de las integrantes es la Sra. Maria quien al entrar al grupo se encontraba por debajo de la línea de la pobreza, pero a través del esfuerzo y el trabajo está mejorando su situación de pobreza.
Ella se dedica exclusivamente a la artesanía, bordados y croché, y comenta que pide este préstamo para poder comprar hilos, telas de ao poi, lienso y demás para poder seguir con sus bordados.
Agradece por la oportunidad que está recibiendo de poder seguir creciendo y mejorando sus condiciones de vida y la de su familia

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

  • $8,400
    Average annual income
  • 74
    View loans »
    Paraguay Loans Fundraising
  • $30,816,725
    Funds lent in using Kiva
  • 4,375.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Beato San Roque De Santa Cruz Group's $3,800 loan helped a member to buy thread, Paraguayan Ao Po'i fabric, linens, and other materials.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 18, 2014
Listed
Apr 27, 2014
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2014