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Virgen Del Carmen Group
In this Group: Febronia, Marcelina, Silvia, Liz, Vielva, Maria, Maria, Carolina, Lorenza, Delia, Soledad, Ana, Francisca, Diana, Gilda, Rosalba*
* not pictured
The group 'Virgen del Carmen' is in its third lending cycle in the framework of the women's committee program. They all vowed to work hard and help each other in order to improve their lot in life. They replied to a questionnaire in order to determine their poverty level, and the results show that two of the seventeen members of the group live below the poverty line. They need to keep working hard in order to get ahead. Ana is a member of the group and scored a one on the poverty scale. The lending institution trained her so that she could sell cosmetics in her neighbourhood in order to contribute to her family's income without having to leave her children, who are very young, alone at home. Ana asks for this loan in order to buy cosmetics to sell and rise to the challenge. She is grateful for this opportunity to grow and feel useful.
View original language description ↓
El grupo llamado Virgen del Carmen está en su tercer ciclo del programa de comité de mujeres, donde todas se comprometieron a trabajar y a ayudarse entre todas para salir adelante. Están haciendo la encuesta de eliminación de pobreza, donde dos de las diecisiete señoras se encuentran por debajo de la línea de pobreza, es decir que deben seguir trabajando y esforzándose por salir adelante.
Una de ellas es la señora Ana, quien en su encuesta mostró un nivel de pobreza dentro del nivel uno, y para poder ayudarla ha sido capacitada para realizar actividades como venta de cosméticos en su barrio para generar más ingreso y no descuidar su hogar, ya que tiene niños pequeños aun y desea colaborar con los ingresos del hogar sin descuidar a su familia.
Pide este préstamo para poder comprar cosméticos, y de esta forma poder trabajar en este desafío para ella y sus habilidades. Agradece por esta oportunidad que recibe de poder crecer y sentirse útil.

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
  • 60
    View loans »
    Paraguay Loans Fundraising
  • $33,479,050
    Funds lent in using Kiva
  • 4,415.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Virgen Del Carmen Group's $3,725 loan helped a member to buy cosmetics to sell.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Apr 23, 2014
May 30, 2014
Currency Exchange Loss:
Nov 17, 2014