8 De Diciembre Group
One of the group members is Marta; in her last survey, she showed a poverty level within level one. She says that she makes a living in selling foods, clothing, and in other activities; through this, she has the means to to be able to help her family and to give them everything they need. She is defined as a very fighting and self-sacrificing person.
Marta is requesting this loan to invest in the purchase of items, so that she will be able to continue offering a great variety of products to her customers.
Una de las integrantes es la Sra. Marta, quien en su última encuesta mostró un nivel de pobreza dentro del nivel uno. Ella comenta que se dedica a la venta de comidas, venta de ropas y otras actividades con lo cual tiene los medios para poder ayudar a su familia y darles todo lo que necesitan. Ella se define como una persona muy luchadora y sacrificada.
Marta solicita de este crédito para poder invertirlo en la compra de prendas, ya que con ello podrá seguir ofreciendo gran variedad a sus clientes.
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
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Success!! The loan was 100% repaid