Mujeres Valientes Group
The group's members are currently undergoing the poverty elimination survey, which helps to identify the financial situation of each member.
Ramona is a member of the group and, at the last survey, she was not at such a low level of poverty. Her situation is improving but equally she knows that the work and effort she puts in must be constant. She tells us that she makes foods to sell and through this work she has helped her family and given them what they need, so that they do not have to go without.
Ramona is applying for a loan to invest in buying food supplies. The business is going very well and she wants to continue selling and improving her finances.
Las integrantes del grupo están haciendo la encuesta de eliminación de pobreza, el cual les ayuda a saber cómo está la economía de cada una de las integrantes.
Ramona es parte de este grupo, quien en su última encuesta mostro un nivel de pobreza no tan bajo, ella se encuentra mejorando su situación de pobreza, pero igualmente está consciente de que este trabajo y esfuerzo que está haciendo debe ser continuo y comenta que ella hace comidas para la venta, y que por medio de este trabajo ayuda a su familia y les da lo que necesitan para una buena vida sin privaciones.
Ella solicita de este crédito para poder invertirlo en la compra de insumos para sus comestibles, ya que le está yendo muy bien y quiere poder seguir con sus ventas y mejorando 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