Cadena De Mujeres Group
One of the members is Norma. She is improving her situation of poverty but she is equally aware that this work and effort that she is doing must be continuous and permanent in order to achieve total success. Among the work that she does in the sale of meals which is going very well for her, as a very good clientele has been made and is growing as time passes. Her dream is to be able to have a large shop in order to continue growing.
She is requesting this loan to be able to invest it in the purchase of meat, vegetables, condiments, eggs and so on, to be able to continue making her meals, which is her way of helping her family.
Una de las integrantes es la Sra. Norma, ella se encuentra mejorando su situación de pobreza, pero igualmente está consciente de que este trabajo y esfuerzo que está haciendo debe ser continuo y permanente para lograr un éxito total. Entre el trabajo que ella hace es la venta de comidas en lo que le está yendo muy bien, ya que se ha hecho de muy buena clientela y está creciendo conforme pasa el tiempo, su sueño es poder tener una gran tienda para seguir creciendo.
Solicita de este crédito para poder invertirlo en la compra de carne, verduras, condimentos, huevos y demás, para poder seguir haciendo sus comidas, lo cual es su forma de ayudar a su familia.
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