Niño Jesus Group
One of the members is Ana. In her previous survey her level of poverty was level three, that is, thanks to her effort she was able to improve her level of poverty. Now, her challenge is to be able to support herself which she will be able to do with much work. She relates that she works in sales since she has a small, well-stocked grocery store. She works every day from very early on and it’s by means of this work that she helps her family with everything she can.
She’s requesting this loan to buy beverages, vegetables, meats, products, bulk items, and others to be able to stock her store to continue with her work.
Una de las integrantes es la Sra. Ana en su última encuesta mostró un nivel de pobreza dentro del nivel tres, es decir, que gracias a su esfuerzo pudo superar su línea de pobreza, ahora su desafío es poder mantenerse, lo cual podrá hacer con mucho trabajo. Ella cuenta que se dedica a las ventas ya que tiene una pequeña despensa bien surtida, en ella trabaja todos los días desde muy tempranas horas, y es por medio de este trabajo que da y ayuda a su familia con lo que puede.
Solicita de este crédito para la compra de bebidas, verduras, carnes, productos y granel y demás, y así poder surtir su local para seguir con su 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