Virgen De Fatima Group
One of the group members is Jorgelina, who was within the third level of poverty in her last survey. She says that with much effort, she is moving forward and everything she has is the fruit of her work and sacrifice. She has a well-stocked store in her house, where she supplies her neighbors and people from other places with many types of products. Jorgelina's dream is to continue growing and to have a larger store in the future.
She is applying for this loan to buy vegetables, meat, legumes, and bulk products, among others. With this help, she will continue working and helping her family as she has been doing.
Una de las integrantes es la Sra. Jorgelina, quien en su última encuesta mostró un nivel de pobreza dentro del nivel tres. Comenta que con mucho esfuerzo está saliendo adelante y todo lo que tiene es fruto de su trabajo y de su sacrificio. Ella tiene una despensa bien surtida en su casa, donde tiene todo tipo de productos con los cuales surte a sus vecinos y personas de otros lugares. El sueño de Jorgelina es pode seguir creciendo y el día de mañana poder tener una tienda mas grande.
Ella solicita de este crédito para la compra vegetales, carnes, legumbres, productos a granel y demás, con lo que podrá seguir trabajando y ayudando a su familia como lo viene haciendo.
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