Porvenir 2 Group
Miguela is part of this group; she’s one who is of very low income. However, despite that she strives and wants to improve her economy. She works selling natural remedies used in infusions like tea, 'mate' and ‘terere’ (traditional Paraguayan beverages) and this is how she sacrifices to give her family what they need. She hopes that someday in the future her family will not have to go through any more hard times and this is why she’s making the effort.
She’s requesting this loan to buy natural remedies to sell to continue with her enterprise and to have the means by which she can help her family and to improve her economy.
Miguela es parte de este grupo, ella es una de las que tiene un ingreso muy bajo, pero igual, pese a ello se esfuerza y quiere mejorar su economía. Ella se dedica a la venta de remedios naturales, para infusiones, como ser te, mate y terere (bebidas tradicionales paraguayas) y con esto se sacrifica para dar a su familia lo que necesitan. Ella desea que el día de mañana su familia no tenga que pasar por necesidades, es por eso que se está esforzando.
Solicita de este crédito para la compra de remedios naturales para la venta y de esa forma seguir con su emprendimiento y tener los medios para ayudar a su familia y mejorar su economía.
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