Divino Niño Jedus Group
Natividad is part of this group. She is trying to grow and get ahead, and she makes an effort ti give her family all that she can. She makes a living making hammocks, bedspreads and blankets. It should be mentioned that she does this work to move forward and help her family.
Natividad is requesting this loan to buy hammocks and bedspreads, in order to supplement those that she makes and thus continue with her sales. She is thankful for the opportunity she is receiving, since with this help she will be able to continue growing and helping her family.
Natividad es parte de este grupo, ella está tratando de crecer y salir adelante, y se esfuerza por dar a su familia todo lo que puede. Ella se dedica a la elaboración de hamacas, colchas frazadas, también se debe destacar el trabajo que ella hace por salir adelante y ayudar a su familia.
La Sra. Natividad solicita de este crédito para la compra de hamacas y colchas, para poder abastecer con lo que ella hace y asi seguir con sus ventas. Agradece por la oportunidad que está recibiendo, ya que con ello podrá seguir creciendo y ayudando a su familia.
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