Mujeres Fuertes Group
One of the group members, Ester, was found to have "level 2" poverty in the last poverty elimination survey conducted by the institution. Ester fights on a daily basis to work hard for her family, to give them all of the things that they need. She sells natural remedies, and although it is a tough job she has been improving her economic condition and wants to continue dedicating herself to this work.
Ester is asking for this loan in order to buy more natural remedies such as mate (traditional local drink), which is consumed a lot in Paraguay. This will help her to grow her business and improve her earnings.
La Sra. Ester en su última encuesta mostro un nivel de pobreza dentro del nivel dos. Ella día a día se esfuerza por su familia, por darles lo que necesitan y que no les falte nada. Ella vende remedios naturales y aunque sea un trabajo sacrificado está saliendo adelante y quiere seguir haciéndolo.
La Sra. Solicita de este crédito para la compra de mas remedios ya sea para mate como para tereré (bebida tradicional paraguaya) que mucho se consume en nuestro país lo que le ayudará a tener a concretar su plan de negocio, el cual le ayudará a mejorar sus ingresos.
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