Mujeres Emprendedoras Group
They are doing the poverty elimination survey.
Two of them are below the poverty line and have a very low monthly income.
Lilian is at level two of the elimination survey and with effort and work is improving her poverty situation.
However she is aware that the work and effort she is doing needs to be continuous and permanent.
She sells clothes and in this way is getting ahead. She has the means to help her family.
Lilian is asking for this loan to invest it in buying all types of clothes. This way she can stock up and continue giving her clients good variety and continue growing.
La Sra. Lilian está en el nivel dos de la encuesta de eliminación, y con esfuerzo y el trabajo ella se encuentra mejorando su situación de pobreza, pero igualmente está consciente de que este trabajo y esfuerzo que está haciendo debe ser continuo y permanente. Ella se dedica a la venta de ropas, y de esa forma está saliendo adelante y tiene los medios para poder ayudar a su familia.
La Sra. Lilian solicita de este crédito para invertirlo en la compra de prendas de todo tipo, y asi surtirse para seguir dando a sus clientes buena variedad y seguir creciendo.
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