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Maracana Poty Group
In this Group: Maria, Claudelina, Feliciana, Georgina, Francisca, Loida, Maria, Tomasa, Idalina, Mirian, Alicia, Teresa, Rossana, Maria, Ana, Natividad*, Salustiana*
* not pictured
There are 17 women in this group, and they are in their second group loan cycle. They are also participating in the poverty elimination survey, in order to improve their livelihoods.

One of the group members is Maria, who sells a variety of clothing items. Thanks to her business, Maria is helping her family and her dear ones. She requests this loan to invest in the purchase of additional clothing items, especially winter clothes, because winter is approaching and she wants to have a variety of items to provide to her clients.
View original language description ↓
17 son las mujeres que integran este grupo, ellas están en su segundo ciclo del programa de comités, y también están haciendo la encuesta de eliminación de la pobreza para poder mejorar sus condiciones de vida.
Una de las integrantes es la Sra. Maria, quien se dedica a la venta de prendas variadas, y que gracias a su negocio está ayudando a su familia y a sus seres queridos. Pide este préstamo para poder invertirlo en comprar más prendas, especialmente de invierno, ya que se acerca el frío y quiere poder tener buena variedad que dar a sus clientes.

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
  • 128
    View loans »
    Paraguay Loans Fundraising
  • $31,646,450
    Funds lent in using Kiva
  • 4,415.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Maracana Poty Group's $3,625 loan helped a member to purchase winter garmens to sell.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 24, 2014
Listed
Jun 4, 2014
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2014