One of the members is Josefa, who in the latest survey showed a level of poverty within the level one, but is aware that the work and effort she is doing must be continuous and permanent to achieve a total success.
She tells us that has a small store, where every day, she works from the early hours of the day and with the help her family, she tries to improve their income.
Josefa requests a loan to restock her business with baked goods, beverage, dairy, fruits, vegetables, etc. which will help her to achieve her business plan, which will improve her income.
Una de las integrantes es la Sra. Josefa, quien en su última encuesta mostró un nivel de pobreza dentro del nivel uno, 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 cuenta que tiene una pequeña despensa donde todos los días trabaja desde muy tempranas horas del día y con ello ayuda a su familia y trata de mejorar sus ingresos.
La Sra. Josefa solicita el crédito para poder recargar su negocio con panificados, bebidas, lácteos, frutas, verduras, etc. lo que le ayudará a tener a concretar su plan de negocio, el cual le ayudará a mejorar sus ingresos.
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