La Esperanza Group
One of these women is Sra. Maria. She generates sales from a small food pantry that is well-stocked with all types of products that her neighbors need. Maria tries to keep everything they like on hand so that they will continue to visit her shop. Thanks to her work, Maria is able to help her family and provide everything they need to have a decent life and not feel deprived.
Maria is requesting a loan in order to buy dairy products, baked goods, vegetables, and other items so that she can continue to restock her business. This will enable her to offer her customers the variety of items that they are accustomed to having.
Una de ellas es la Sra. Maria, quien se dedica a las ventas. Tiene una pequeña despensa bien surtida con todos los productos que sus vecinos necesitan. Siempre trata de tener todo para que ellos se sientan a gusto y sigan yendo a su local. Gracias a su trabajo Maria ayuda a su familia y les da todo lo que necesitan para poder tener una vida digna y sin privaciones.
Solicita de este crédito para la compra de lácteos, panificados, verduras, y demás insumos para poder seguir surtiendo su negocio y de esa forma dar a sus clientes la variedad a la que están acostumbrados.
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