One of the members is Sra. Viviana, who sells jewelry and clothing. Her loan will be used to buy clothing and jewelry at wholesale so that she can offer better prices to her customers. The latest survey indicated that she has risen above the poverty line due to a good income. At the same time, she is very enthusiastic about giving everything she has to continue growing. Someday she hopes to have a good location where she can offer her products to her customers.
One other thing to note is the work of the counselors. Somehow they manage to monitor the training and verification process on an ongoing basis. At the same time, they motivate the women to strive toward making continuous progress.
Una de las integrantes es la Sra. Viviana, ella se dedica a la venta de joyas y ropas , el crédito lo utiliza para la compra de ropas y joyas al por mayor para poder ofrecer mejores precios a sus clientas , en su última encuesta se encontraba fuera de la línea de la pobreza con un buen ingreso, pero de igual manera sigue muy entusiasmada dando todo de si para poder seguir creciendo y el día de mañana poder tener un buen local donde ofrecer sus productos a sus clientes.
También se debe destacar el trabajo de las asesoras, quienes hacen un seguimiento permanente de capacitaciones y verificaciones que de alguna manera exigen y al mismo tiempo incentivan a las mujeres a luchar para poder progresar continuamente.
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