San Ramon Group
One of the members is Mrs. Felicia, who is in level one. With great effort, she is working to improve her economic situation and help her family. She has a grocery store and is requesting this loan to invest in buying supplies such as bakery products, beverages and dairy products. With this, she will be able to continue with her business plans and continue serving her customers.
Una de las integrantes es la Sra. Felicia es una de estas mujeres del nivel uno, con mucho esfuerzo está trabajando para mejorar su economía y de esa forma ayudar a su familia. Tiene una despensa y está solicitando de este crédito para poder invertirlo en la compra de insumos para su despensa, como ser panificados, bebidas, lácteos y demás, ya que con esto podrá seguir con su plan de negocios y seguir surtiendo a su clientela.
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