San Blas Group
One of the members of this group is Lourdes who, when she completed the survey, was shown to be at an intermediate level. She says that her business is selling all kinds of food. She has gained a very good customer base as she always prepares very good food. Lourdes comments that she would like to continue working hard so that she can provide her family with what they need and improve their financial situation.
Lourdes is requesting this loan to invest in buying meat, condiments, vegetables, eggs, flour, etc. so that she can continue preparing the food that she sells and continue pleasing her customers.
Una de las integrantes es la Sra. Lourdes, quien en su encuesta mostró estar en un nivel medio. Ella comenta que se dedica a la venta de comestibles de todo tipo, se ha hecho de muy buena clientela, ya que siempre hace muy buenas comidas. Lourdes comenta que quiere seguir trabajando y esforzándose para poder dar a su familia lo que necesitan y también para mejorar su economía.
Solicita de este crédito para invertirlo en la compra de carne, condimentos, verduras, huevo, harina y demás, para poder seguir haciendo los comestibles que vende, y también para poder seguir haciendo las delicias para 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
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