La Alegria Group
Alba is one of the members of the group. She is a very hardworking and entrepreneurial person who works hard to get ahead and help her family. She makes food of all kinds, and things are going very well for her. She has a lot of customers who buy her foods. She explains that her dream is to be able to have a large food business so she can have a better income and help her family more.
She is requesting this loan to buy vegetables, condiments, meats, chicken, and other ingredients so she can continue making the foods she sell and also be able to increase her income and get out of poverty.
Alba es una de las integrantes del grupo, ella es una persona muy trabajadora y emprendedora, que se esfuerza por salir adelante y ayudar a su familia. Ella se dedica a la elaboración de comidas de todo tipo, en lo que le va muy bien, pues tiene mucha clientela que compra de ella sus comidas. Cuenta que su sueño es poder tener un negocio amplio de comidas para tener un mejor ingreso y poder ayudar más a su familia.
Solicita de este crédito para la compra de verduras, condimentos, carnes, pollo y demás insumos para poder seguir haciendo las comidas que vende y también poder aumentar sus ingresos y salir de la pobreza.
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