Mujeres En Progreso Group
One of the members is Deolinda, who in the last survey was found to be at poverty level 1, which is below the poverty line. She says that in order to begin to improve her life she started up a grocery store, where she works arduously, because this business will be a great help to her. She is requesting a loan to stock up her store with all types of basic consumer goods. With this investment she will be able to continue with her business plan, and also help improve her family's living conditions.
Una de las integrantes es la Sra. Deolinda, quien en su última encuesta mostró un nivel de pobreza dentro del nivel uno, que es por debajo de la línea de la pobreza. Ella cuenta que para empezar a mejorar su vida puso una despensa, en la que trabaja arduamente, ya que eso le será de muchísima ayuda.
Ella solicita de este crédito para poder surtir su despensa con todo tipo de artículos de primera necesidad, ya que con eso podrá seguir con su plan de negocios y ayudando también a su familia a mejorar sus condiciones de vida.
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
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Success!! The loan was 100% repaid