Vecinas Unidas Group
One of them is Maria, who is an excellent sales person. She has all kinds of clothing of very good quality. It is thanks to the sales she makes and also her great efforts day to day that she is able to give to her family what they need to improve their lives. Maria is an example of selfless hard work and sacrifice.
She is requesting this loan to invest it in clothing items such as pants, sweatpants, t-shirts, skirts, and other types of clothing so she can continue with her sales and improve her income. She wants to improve her income so she can improve her family’s quality of life.
Una de ellas es la Sra. Maria, quien es una excelente vendedora, tiene todo tipo de prendas, y de muy buena calidad. Es gracias a las ventas que hace y al gran esfuerzo del día a día que da a su familia lo que necesitan para mejorar sus vidas. Maria es un ejemplo de lucha y sacrificio desinteresado.
Solicita de este crédito para poder invertirlo en la compra de prendas, como ser pantalones, buzos, remeras, polleas y demás tipo de prendas para poder seguir con sus ventas y mejorar sus ingresos. Ella quiere mejorar sus ingresos y así ir mejorando la vida de 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