San Rafael Group
One of these women is Sra. Rosalina. Her latest survey demonstrated that she was at a poverty level within Level 1, which indicates that her income is very low. The work she does includes raising animals at home which she can sell. It should be pointed out that her work and her efforts will help improve her financial situation and that of her family. Rosalina is a person who wants to work, grow, and move forward.
She is requesting a loan so that she can buy more animals such as pigs, chickens, turkeys, and other livestock. This will help her follow through with her business plan to improve her income.
Una de ellas es la Sra. Rosalina, quien en su última encuesta mostró un nivel de pobreza dentro del nivel uno, es decir con ingresos muy bajos. Entre el trabajo que ella hace es la cría animales de la casa para su comercialización, también se debe destacar el trabajo y el esfuerzo que ella está haciendo para ir mejorando su economía y la de su familia. Es una persona que quiere trabajar, crecer y salir adelante.
La Sra. Solicita de este crédito para la compra de mas animales, como ser cerdos, gallinas, pavos y demás, lo que le ayudará a tener a concretar su plan de negocio, el cual le ayudará a mejorar sus ingresos.
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