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Nuestra Señora De La Asuncion Group
In this Group: Liz, Mirian, Aida, Maria, Maria, Salustiana, Luz, Teresa, Norma, Maria, Rosalina, Karina, Graciela, Mariela, Lucia, Marina, Esmilce, Nancy, Julia*
* not pictured
The group called “Nuestra Señora de la Asunción” is in its 5th cycle of the Women’s Communal Bank Program, where everyone works and helps one another to move forward. They are completing the Elimination of Poverty Survey that enables them to continue improving their lives by providing them with training.

Salustiana is one of these women. She sells various and seasonal fruits on foot. She is a very unselfish woman who fights for her family, as she wants to give them everything that they were not able to have, so that they will not need anything. She starts her day very early and she works very late.

She is requesting this loan in order to purchase seasonal fruit such as apples, oranges, pineapples, bananas, and others. This will help her to implement her business plan, which will help her to improve her earnings.
View original language description ↓
El grupo llamado Nuestra Señora de la Asunción está en su ciclo número 5° del programa de comité de mujeres, donde todas trabajan y se ayudan por salir adelante. Están haciendo la encuesta de eliminación de pobreza, que les permitirá por medio de las capacitaciones ir mejorando sus vidas.
Salustiana es una de estas mujeres, ella ese dedica a la venta de frutas variadas y de estación, que vende de manera ambulante, ella es una mujer muy sacrificada, que lucha por su familia, ya que quiere darles todo lo que no pudieron tener y que de esa forma no tengan que pasar por ningún tipo de necesidades. Ella comienza su día desde muy tempranas horas, y llega hasta muy tarde.
La Sra. Solicita de este préstamo para la compra de frutas de estación, como ser manzanas, naranjas, piñas, bananas, y demás frutas 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
  • 93
    View loans »
    Paraguay Loans Fundraising
  • $31,441,600
    Funds lent in using Kiva
  • 4,445.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Nuestra Señora De La Asuncion Group's $3,825 loan helped a member to purchase apples, oranges, pineapples, bananas, and other fruits.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 24, 2014
Listed
Apr 30, 2014
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2014