One of the members of this group is Edelma who was shown by the survey to be at an intermediate level. As a result, she is able to help her family. She has a grocery store in her home and also sells 'chipa' (cheese buns). She is managing to grow her business thanks to her hard work and her desire to get ahead in life. Edelma would like to continue working and improving her income so that she can continue helping her family. She is requesting this loan so that she can stock her business with drinks, food products, canned goods, milk, bread and other products. This will allow her to continue providing her customers with everything they need.
Una de las integrantes es la Sra. Edelma quien en su encuesta mostró estar en un nivel medio, gracias al cual ayuda a su familia. Ella cuenta con un almacén en su casa, además realiza la venta de chipa, ella es una persona que gracias a su esfuerzo y las ganas que pone por salir adelante, está creciendo. Edelma quiere seguir trabajando y mejorando sus ingresos y de esa forma seguir ayudando a su familia.
La Sra. Edelma solicita de este crédito para poder surtirlo con la compra de bebidas, comestibles, enlatados, leche, pan y demás insumos, ya que con estos puede seguir dando a sus clientes todo lo que necesitan.
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