Mujeres Emprendedoras Group
One of the members is Epifania who, in her latest survey, demonstrated she was at poverty level 3 - that is to say, that she has improved greatly thanks to the work that she does and to the training that she has received. She works selling vegetables, ice cream, fruit salads, etc. As you can see, she is a person who has strived hard and, as a result, is getting ahead and growing.
She is requesting a loan to buy seeds which will help her cultivate her vegetables and implement her business plan and this will help her to increase her income.
Una de las integrantes es la Sra Epifania quien en su última encuesta mostró un nivel de pobreza dentro del nivel tres, es decir está mejorando mucho gracias al trabajo que hace y sumada a la capacitaciones que recibe. Ella se dedica a la venta de hortalizas, helados, ensaladas de frutas, etc., como se puede ver es una persona que se ha esforzado mucho y por eso está saliendo adelante y creciendo en lo que hace.
La Sra. Solicita de este crédito para la compra de semillas , lo que le ayudará a seguir con el cultivo de sus hortalizas y así poder 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