Mujeres Activas Group
One of the members is Patricia, who, in her last survey, showed a poverty level within level 3. That is, she has good income, which she was able to have thanks to the effort she is making, but she is aware that she needs to continue working and making an effort. She is a hairdresser and has a modest business where she works hard everyday.
It is through this business that she has been able to help her family to give them what they need and ensure that they not lack anything. She wants to continue investing in her business, and in this way, continue maintaining her economic status and her family.
Patricia is applying for this loan to purchase materials to use in her hair salon, like dyes, shampoo, rinses, rollers, combs, and other items, and in this way, continue investing in her work plan.
Una de las integrantes es la Sra. Patricia, quien en su última encuesta mostró un nivel de pobreza dentro del nivel 3, es decir con buenos ingresos, lo cual pudo tener gracias al esfuerzo que esta haciendo, pero también es consciente de que debe seguir trabajando y esforzándose. Ella es peluquera y tiene un modesto negocio donde todos los días trabaja arduamente. Es por medio de ese negocio que ha podido ayudar a su familia para poder darles lo que necesitan y que no pasen por ningún tipo de privaciones. Ella quiere seguir invirtiendo en su negocio y de esa forma seguir manteniendo su economía y a su familia.
La Sra. patricia Solicita de este crédito para la compra de materiales para utilizar en su peluquería, como ser tintes, shampoo, enjuagues, ruleros, peines y demás y de esa forma seguir invirtiendo en su plan de trabajo.
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