Kuña Guapa Group
One of the members is Aurelia who, in her first poverty elimination survey, was on level two of the poverty scale. Thanks to her continuous work and effort, her financial situation is improving. Aurelia is applying for this loan to buy pigs to slaughter and sell. This will help her to realise her business plan, thus helping her to improve her income. This is her work which is for maintaining her family.
Una de las integrantes es la Sra. Aurelia, quien en su primera encuesta mostró un nivel de pobreza dentro del nivel dos. A través del esfuerzo y el trabajo continuo ella se encuentra mejorando su situación de pobreza. La Sra. Solicita de este crédito para la compra de de Chancos, para faenar y vender lo que le ayudará a tener a concretar su plan de negocio, el cual le ayudará a mejorar sus ingresos, ya que este es su trabajo y con esto mantiene 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
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Success!! The loan was 100% repaid