Po Joaju Group
One of the members is Mariza who, in her latest survey, demonstrated that she is at poverty level 3. Through toil and constant work she has been able to improve and grow to reach the point she is at today. She works selling all types of clothes and this brings her the income that she needs to help her family. She is a self-sacrificing person who strives day in and day out and everything that she has achieved is the fruit of her hard work. She is requesting this loan to buy winter clothes as the cold weather is coming and she wants to stock her business and to keep offering variety to her customers. This will also help her to implement her business plan which will help her to improve her profits.
Una de las integrantes es la Sra. Mariza, quien en su última encuesta mostro un nivel de pobreza dentro del nivel 3. A través del esfuerzo y el trabajo continuo ha ido mejorando y creciendo hasta llegar a como está el día de hoy. Ella se dedica a la venta de ropas de todas clases y con esto tiene los ingresos con los que ayuda a su familia. Es una persona muy sacrificada, que lucha día a día y fruto de su trabajo es todo lo que ha conseguido.
La Sra. Solicita de este crédito para la compra de prendas de invierno, ya que se acerca el frío y quiere poder surtir su negocio y seguir dando variedad a sus clientes, además esto la 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