Santa Librada Group
They are doing a survey about eliminating poverty, according to which the 18 group members were able to overcome the poverty line. Through effort, continuous work, and the application of the vital behavior of successful women, they find themselves improving their poverty-stricken situations, but they are equally conscious that this work and the effort that they are making has to be continuous and permanent to achieve total success.
Andresa sells newspapers, cardboard bingo boards, keychains, numbers games, as well as products corresponding to the dates in celebration, such as St. Valentine's Day, during which she sells gift items.
Andresa is requesting this loan to purchase various products to sell, such as stuffed animals, decorated boxes, flowers, keychains, handkerchiefs, chocolates, etc. which will help her to realize her business plan.
La Sra. Andresa, ella hace venta de diario, cartones de bingo, llaveros, quinielas y a la vez de acuerdo a las fechas conmemoradas como ser día de San Valentín realiza ventas de artículos de regalo.
La Sra. Andresa solicita de este crédito para la compra de productos varios para la venta como peluches, cajitas decoradas, flores, llaveros, pañuelos, Chocolates etc. lo que le ayudará a concretar su plan de negocio
More information 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 can read this article on Fundación Paraguaya’s website.
About Fundación ParaguayaFundación 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.
This is a Group Loan
In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.
Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.
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Success!! The loan was 100% repaid