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Jul 24, 2016 9:32 AM ET

Archived: Paraguay – Mujeres De Yguazu Group: A loan of $4,925 helps a member to purchase starch, cheese, eggs, butter, etc.

iCrowdNewswire - Jul 24, 2016

Mujeres De Yguazu Group

Ciudad del Este, Paraguay / Food Production/Sales
Borrower image

Mujeres De Yguazu Group’s story

The group called Mujeres del Yguazu is its seventh cycle of the women’s committee program. They are female friends and neighbors, who have united to be able to grow and get ahead. They are in the poverty elimination program, striving to overcome their situation of poverty.

One of the members is Ilsa, who in her survey, showed she was in level-one poverty. What that means is that she is in extreme poverty. But through effort and continuous work, and through the sale of chipas, a typical Paraguayan food, she is earning a living in a dignified and honest way. She is requesting this loan to invest in the purchase of supplies to be able to make her chipas, such as starch, cheese, eggs, butter, etc. She is grateful for the opportunity to be able to grow and get ahead.

In this group: Francisca, Ramona, Catalina, Virginia, Maura, Margarita, Teresa, Mirian, Juana, Domiciana, Elena, Nely, Mirta, Magdalena, Maricela, Blanca, Ilsa, Lucia, Nancy, Cynthia, Rosalina*, Gladi*, Celia*
*not pictured 

Translated from Spanish by View original language description 

This loan is special because:

It is accompanied by an industry-leading, poverty-elimination program. 

Kiva staff 

More 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 canread 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.

A loan of $4,925 helps a member to purchase starch, cheese, eggs, butter, etc.

Contact Information:

Mujeres De Yguazu Group

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