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Sep 15, 2016 6:19 AM ET

Archived: Paraguay: El Amanecer Group – A loan of $5,450 helps a member to buy flour, meats, vegetables, chickens, ham, cheese and other ingredients.

iCrowdNewswire - Sep 15, 2016

El Amanecer Group

Borrower image

El Amanecer Group’s story

The El Amanecer group is in its 11th cycle of the women’s committee program. All of them work and help each other get ahead. They are doing the poverty elimination survey, and 21 are above the poverty line, that it, they are improving the economic situation little by little.

One of the members is Gloria. Through her continuous work and efforts and by selling the food she makes, she tries to have the means to help her family have a better quality of life than she had.

She is asking for this loan to invest in buying flour, meats, vegetables, chickens, ham, cheese and other materials to continue with her sales, as she has been doing. She is grateful for the opportunity to grow and get ahead.

In this group: Marta, Gladys, Maria, Benefrida, Gloria, Nicolasa, Idalina, Paola, Daysi, Patricia, Andresa, Juana, Nancy, Maria, Karina, Lis, Abrestella*, Sonia*, Ruth*
*not pictured 

Translator profile picture

Translated from Spanish by Kiva volunteer Ellen DonohueView 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 $5,450 helps a member to buy flour, meats, vegetables, chickens, ham, cheese and other ingredients.

Contact Information:

El Amanecer Group

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