Mujeres Unidas Group
One of the members is Edith, whose survey resulted in a very low income level. Is it precisely because of this that she makes a maximum effort to continue growing and improving. She makes a living selling food, and says that she wants to grow to improve her life and that of her family.
She is applying for this help to be able to invest it in the purchase of vegetables, meat, condiments, and other supplies to be able to continue making the foods that she sells. Through means of herself and her work she continues improving the quality of life of her family.
Una de las integrantes es la Sra. Edith, quien en su encuesta arrojo un nivel de ingreso muy bajo. Es justamente por esto que se esfuerza al máximo por seguir creciendo y mejorando. Ella se dedica a la venta de comestibles, y cuenta que tiene todas las ganas de ir creciendo para mejorar su vida y la de su familia.
Solicita de esta ayuda para poder invertirla en la compra de verduras, carne, condimentos y demás insumos para poder seguir haciendo los alimentos que vende, y así por medio de sí y trabajo ir mejorando la calidad de 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