Niño Jesus Group
One of the members is Irma, whose income level was around level one, which is a low income. She dedicates herself to selling Paraguayan cheese buns, which is a typical Paraguayan food, and it is thanks to this work that she can help her family. She is a very hardworking person who pushes herself to achieve and better both her life and that of her family.
She is asking for this loan to buy ingredients to be able to continue making cheese buns for sale, which include starch flour, cheese, anise, manteca cheese, and other ingredients to be able to keep working.
Una de las integrantes es la Sra. Irma, quien en su encuesta mostró un nivel de pobreza dentro del nivel uno, que es un ingreso bajo. Ella se dedica a la venta a la venta de chipas el cual es un alimento típico paraguayo y es gracias a este trabajo que ayuda a su familia. Es una persona muy trabajadora que se esfuerza por salir adelante y mejorar la vida de ella y su familia.
Solicita el crédito para la compra de insumos para poder seguir haciendo chipas para la venta, como ser harina de almidón, queso, anís, queso manteca y demás insumos para poder seguir trabajando.
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