Las Vitoriosas Group
One of the members is Ondina, who in the last survey was revealed to be in the second poverty level. She makes a living running a dessert shop, where she makes all types of cakes and sweets. She is a very hardworking person who has gotten ahead through her efforts and the help of her family. Her goal is to continue working and contributing to her family through this work.
She requests a loan to buy flour, eggs, sweets, and other products, to be able to continue working and preparing the products that she sells. She is thankful for the opportunity that she has because it will be a great help to her.
Una de las integrantes es la Sra. Ondina, quien en su última encuesta mostró un nivel de pobreza dentro del nivel dos. Ella se dedica a la repostería, ya que hace todo tipo de tortas y cosas dulces, es una persona muy trabajadora que con su esfuerzo está saliendo adelante y ayuda a su familia. Su meta es seguir trabajando y ayudando por medio de esto a su familia.
Solicita este crédito para la compra harina, huevos, dulces y demás, para poder seguir trabajando y haciendo los productos que vende. Agradece la oportunidad que tiene ya que esto le será de gran ayuda.
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