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Maria Asuncion Group
In this Group: Maria, Elva, Teresa, Digna, Tomasa, Celia, Sonia, Norma, Graciela, Graciela, Ninfa, Lourdes, Maria, Digna, Liz*, Ada*
* not pictured
The Maria Asuncion group is in the second cycle of its committee program, in which they are carrying out a poverty elimination survey, which will enable them to understand each member's situation and be able to improve their quality of life accordingly thanks to their training. Ninfa is a member of the group. She's a very hardworking woman who perseveres for the sake of her family to give them everything that she wasn't able to have. She works in milk sales, which she does every day starting very early in the morning so that her customers can have the product in time for breakfast. She states that she's improving her business, persevering for her loved ones. Ninfa is requesting this loan to invest in the purchase of milk, so she can continue selling like she has and thus continue to work to improve her family's quality of life
View original language description ↓
El grupo Maria Asuncion está en su Segundo ciclo del programa de comité donde ellas están haciendo la encuesta de eliminación de la pobreza, que les permitirá conocer en qué situación está cada una, y conforme a eso poder mejorar sus condiciones de vida, gracias a las capacitaciones de cada una.
Ninfa es integrante de este grupo, ella es una mujer muy trabajadora, que está luchando por su familia, para poder darle todo lo que ella no pudo tener. Ella se dedica a vender leche, que todos los días reparte desde muy tempranas horas, para que sus clientes tengan su producto para la hora del desayuno. Comenta que está mejorando en su negocio, luchando por sus seres queridos.
Ninfa pide este préstamo para poder invertirlo en la compra de leche, para poder seguir con sus ventas como lo viene haciendo, y de esa forma luchar por mejorar el estilo de vida 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.

About Paraguay

  • $4,555
    Average annual income
  • 52
    View loans »
    Paraguay Loans Fundraising
  • $29,502,975
    Funds lent in using Kiva
  • 4,423.4
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Maria Asuncion Group's $3,525 loan helped a member to purchase milk to sell.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 21, 2014
Listed
Apr 28, 2014
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2014