Virgen De Fatima Group
One of the group's members is Mrs. Dora, who is getting ahead by selling lingerie. She always has cheap and beautiful garments, which helps her attract customers. With her income, she helps her family and gives them all they need. She is an enthusiastic person that has set some goals she wants to meet.
Dora is requesting a loan to buy lingerie, since she has some orders to fulfill. This will result in a better income to continue helping her family.
Una de las integrantes es la Sra. Dora, quien a través de la venta de lencería está saliendo adelante. Siempre tiene prendas muy lindas y baratas, y eso atrae mucho a sus clientes. Con los ingresos que tiene ayuda a su familia y les da todo para que no les falte nada. Es una persona muy entusiasta y con metas a cumplir.
Solicita de este crédito para poder comprar lencería para la venta, ya que tiene pedidos con los que le gustaría poder cumplir. Con esto podrá aumentar sus ingresos y seguir ayudando a su familia.
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