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Sep 22, 2016 10:50 AM ET

Archived: Paraguay: Mujeres Para El Desarrollo Group – A loan of $4,025 helps a member to buy tomatoes, bell peppers, onions, eggplants and other products.

iCrowdNewswire - Sep 22, 2016

Mujeres Para El Desarrollo Group

Caaguazú, Paraguay / Fruits & Vegetables
Borrower image

Mujeres Para El Desarrollo Group’s story

The group “Mujeres para el desarrollo” (Women for Development) is in its third loan cycle of the program of the women’s committee, where all these women work and help each other to move forward. They are doing a poll of poverty elimination where 4 members find themselves below the poverty line.
One of the members is Francisca, who works selling diverse vegetables. She comments that she always tries to have good quality products to offer her customers. She is a hardworking person who does not let herself be defeated by adversities, and who works hard for her family despite the difficulties. She is grateful for this given opportunity that will be very helpful to her.
She is requesting this loan to buy fresh vegetables for sale, such as tomatoes, bell peppers, onions, eggplants and other products, in order to continue with her sales as she has been doing so far.

In this group: Rosana, Nidia, Eulalia, Carmen, Zulma, Francisca, Maria, Maria, Cristina, Aurelia, Nilda, Liz, Rosa, Daniela, Virginia, Marlene Lopez, Mirtha Arce*
*not pictured 

Translated from Spanish by Kiva volunteer Patricia Mueller 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 $4,025 helps a member to buy tomatoes, bell peppers, onions, eggplants and other products.

Contact Information:

Mujeres Para El Desarrollo Group

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