Santa Lucia Group
Rumilda is one of them and her income is very low according to the survey. In spite of everything, she makes the effort to get ahead and improve her life and that of her family. She makes a living raising farm animals. She says it's very demanding because she has to be looking after the animals all the time. With her income she's giving her family what's within her reach.
She's requesting this loan to invest in buying farm animals as well as balanced feed to be able to continue with her job and improve her finances.
Rumilda es una de ellas, y sus ingresos según la encuesta están muy bajo. Ella pese a todo se esfuerza por salir adelante y mejorar su vida y la de su familia. Ella se dedica a la cría de animales de corral, cuenta que es muy sacrificado, ya que tiene que estar pendiente todo el tiempo de sus animales. Por medio de los ingresos que ella tiene está dando a su familia lo que está a su alcance.
Ella solicita de este crédito para invertirlo en la compra de animales de corral, como así también de balanceados para poder seguir con su trabajo y lograr mejorar así su economía.
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