Boqueron 2 Group
One of the group members is Maria, who in the last poverty survey reported a poverty level of "2". She tells us that every day she begins her work very early, selling all types of foods. She tells us that business is going well, as she is skilled at making food and her clients are always satisfied. She really appreciates the opportunity she has received by being part of this lending group, as it has helped her very much with her business.
Maria is currently asking for this loan in order to buy more ingredients for food preparation - vegetables, meat, condiments, and more. This way, she will be able to continue providing her clients with the food they enjoy.
Una de las integrantes es la Sra. Maria, quien en su última encuesta mostro un nivel de pobreza dentro del nivel dos, comenta que día a día empieza su jornada muy temprano ya que ella vende todo tipo de comidas y desde temprano que empieza con su trabajo. Comenta que le va muy bien, ya que tiene muy buena mano para las comidas y sus clientes siempre quedan muy satisfechos. Agradece por la oportunidad que está recibiendo, ya que le será de gran ayuda.
La Sra. Solicita de este crédito para la compra de mas ingredientes para preparar las comidas, como ser verduras, carnes, condimentos y demás, ya que con ello seguirá deleitando a sus clientes con sus delicias.
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