Orden Y Progreso Group
They are part of the poverty elimination program which measures the income of every one of the members. It shows that thanks to the effort everyone has put in, no one now has a very low income but are committed to keep working.
Eugenia is one of the members who sells natural remedies such as mate tea and terere [cold mate tea drink] which are traditional drinks of the country.
Due to her being very hard working, she has improved her economic situation and she is aware that working is the only way to keep growing. She is a hard working person and a fighter.
She is asking for the loan to buy natural remedies to sell so that she can keep selling and giving her family everything that is within her reach and at the same time improve her economic situation.
Una de las integrantes es la Sra. Eugenia, quien se dedica a la venta de remedios naturales, como ser para mate y terere, los cuales son bebidas tradicionales del país. Gracias a que ella es muy trabajadora ha mejorado mucho su economía, y esta consciente de que trabajando es la única forma en que podrá seguir creciendo. Ella es una persona muy trabajadora y luchadora.
Y solicita de este crédito para la compra de remedios naturales para la venta, ya que con ello podrá seguir con sus ventas y dando a su familia todo lo que está a su alcance, a la vez que podrá seguir 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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