Las Perlas Group
One of the members is Ms. Teodora, who in the last survey showed that she was in poverty level number two. She states that she makes embroidered slippers, and with this job she trys to get by. Teodora also tells us that, since embroidered slippers are very much in demand and used by women, her business is improving and she receives many orders. Her goal is to continue working and growing in order to continue giving her family a trouble-free life.
She is applying for this loan to buy slippers, sequins, thread, and tweezers, among other things, which are the basic inputs that she always uses to make her products.
Una de las integrantes es la Sra. Teodora, quien en su última encuesta mostró un nivel de pobreza dentro del nivel dos, cuenta que hace zapatillas bordadas, y que con este trabajo trata de salir adelante. Teodora cuenta que su negocio esta mejorando, ya que las zapatillas bordadas son muy solicitadas y utilizadas por las mujeres y que tiene muy buenos pedidos. Su meta es seguir trabajando y creciendo para seguir dando a su familia una vida sin probaciones.
Solicita de este crédito para la compra de zapatillas, lentejuelas, hilos, pinzas y demás, los cuales son los insumos básicos que siempre usa para poder hacer sus productos.
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