Kuña Marangatu Group
One of the members is Ydalina. The survey showed that she is in level 1 of the poverty levels, that is, she has very low income. Through her efforts and continuous work and by employing the energetic actions of a successful woman, she wants to improve her situation. She explains that she has a grocery store in her home. She is requesting this loan in order to invest the money in the purchase of supplies for her store. In this way she can continue to offer a good range of products to her customers, which is a way to invest in her business plan.
Una de las integrantes es la Sra. Ydalina , quien en su encuesta mostró un nivel de pobreza dentro del nivel uno, es decir con un ingreso muy bajo. A través del esfuerzo y el trabajo continuo y la aplicaciones de los comportamientos vitales de una mujer exitosa ella quiere mejorar su situación de pobreza, ella cuenta que tiene una despensa en su casa, y que solicita de este crédito para poder invertirlo en la compra de insumos para su despensa, y de esa forma seguir ofreciendo una buena variedad a sus clientes, y además de eso estará invirtiendo en su plan de negocios.
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