Villa Del Sol Group
Mirtha is one of the members who showed a level three of poverty in the last survey. Among the work she does is the sale of empanadas, grilled food, and soups. She also a hardworking person who is getting ahead with great effort and sacrifice. Her goal is to set up a great food establishment and be able to help her family and give them all they need for a life without worries.
She is asking for this loan in order to buy ingredients to sell food, which will help her and solidify her business plans. This will help her improve her income.
Una de las integrantes es la Sra. Mirtha, quien en su última encuesta mostró un nivel de pobreza dentro del nivel tres. Entre el trabajo que ella hace es la venta de empanadas, asaditos, sopa todas las noches, también se debe destacar que ella es una persona my trabajadora y que con mucho esfuerzo y sacrificio está saliendo adelante. Su meta es poder tener un gran establecimiento de venta de comidas y por medio de eso ayudar a su familia y darles todo lo que necesitan para una vida sin privaciones.
La Sra. Solicita de este crédito para la compra de sus ingredientes para la venta de comestibles, 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