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Sep 22, 2016 3:51 PM ET

Archived: Paraguay: Mujeres Unidas Group – A loan of $2,800 helps a member to purchase a variety of beverages, sweets, foodstuffs and other products.

iCrowdNewswire - Sep 22, 2016

Mujeres Unidas Group

Caaguazú, Paraguay / General Store
Borrower image

Mujeres Unidas Group’s story

This communal bank came together in the city of Caaguazú. All of the members are friends and neighbors from the city. They work hard to improve their standards of living, which is why they are participating in the poverty elimination program.
One of the communal bank members who stands out for being a very hard-working and determined person is señora Marlene. She has a humble shop that she works in every day beginning very early in the morning. Señora Marlene says that she sells all types of products, and that she always takes great pains to offer her customers what they are looking for.
Señora Marlene is asking for this loan so she can purchase various beverages, sweets, foodstuffs and other products. That way she can continue with her sales as she strives to improve and grow the business she has undertaken.

In this group: Teodolina, Maria, Lourdes, Fatima, Teresa, Todosia, Candida, Carmen, Gladys, Marlene, Celedonia, Anicia, Jovina, Nancy, Vuena*
*not pictured 

Translator profile picture

Translated from Spanish by Kiva volunteer Marni SiegalView 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 $2,800 helps a member to purchase a variety of beverages, sweets, foodstuffs and other products.

Contact Information:

Mujeres Unidas Group

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