Virgen De Caacupé Group
Aurora is the member who is below the poverty line, but she is fighting tirelessly to be able to grow. She is a person who perseveres and she really wants to get ahead. She makes all kinds of cakes and says she always has good orders and her customers are very happy with her work. Her goal is to keep fighting, since she wants to improve her income and thus help her family.
She is asking for this loan to invest in buying flour, eggs, butter, sugar and more ingredients to keep making cakes to sell and thus have the income she needs. She is grateful for the opportunity, because it will a big help.
La integrante es la Sra. Aurora esta por debajo de la línea de pobreza, pero ella lucha incansablemente para poder ir creciendo, es una persona que persevera y esta con muchas ganas de salir adelante. Ella se dedica a hacer tortas de todo tipo, y cuenta que siempre tiene buenos pedidos y que sus clientes están muy conformes con su trabajo. Su meta es poder seguir luchando, ya que quiere mejorar sus ingresos y así ayudar a su familia.
Solicita de este crédito para invertirlo en la compra de harina, huevos, manteca, azúcar y demás ingredientes para seguir haciendo las tortas que vende y así también poder tener los ingresos que necesita. Agradece por esta oportunidad que le será de mucha ayuda.
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