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Aug 29, 2016 7:15 PM ET

Archived: Paraguay: Peguaho Group – A loan of $4,200 helps a member to buy feed for her cows, and also containers to transport the milk she sells.

iCrowdNewswire - Aug 29, 2016

Peguaho Group

Paraguari, Paraguay / Milk Sales
Borrower image

Peguaho Group’s story

The group called Peguaho is part of the program for eliminating poverty that will allow them to grow and improve their living conditions supported with programs and training offered by Fundación Paraguay to each of their members.

One of the members is Dora who through effort and continuous work and through milk sales earns a living in a dignified and honest way, fighting to give a better quality of life to her loved ones so they do not have to pass through a time of need as she did.

Dora is asking for this loan to buy feed for her cows, and also containers to transport the milk she sells. She is grateful for the opportunity to being able to continue with her work in order to help her family.

In this group: Zuni, Julia, Eugenia, Petrona, Fátima, María, Leopoldina, Graciela, Magdalena, Selva, Lorena, Carolina, Ninfa, Patrocinia, Eduvigis, Olga, Dora, Claudelina, Gessica*
*not pictured 

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Translated from Spanish by Kiva volunteer Gail LeGrandView 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 $4,200 helps a member to buy feed for her cows, and also containers to transport the milk she sells.

Contact Information:

Peguaho Group

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