13 De Junio Group
One of the members is Sra. Maria. She works at her business every day, starting in the early morning hours. Maria has a small food pantry that is well-stocked. Through the work she does every day, beginning in the early hours, she is able to generate the necessary income to help her family and grow in her finances.
Maria is requesting a loan so that she can buy provisions for her business such as vegetables, fruits, meat, baked goods, and other items. This will enable her to continue investing in her business, which is her main source of income.
Una de las integrantes es la Sra. Maria, quien trabaja todos los días desde muy tempranas horas en su negocio, ya que ella tiene una despensita bien surtida. En ella trabaja todos los días desde muy tempranas horas y con ese trabajo puede tener los ingresos necesarios para poder ayudar a su familia y también crecer en su economía.
Ella solicita de este crédito para la compra de insumos para su negocio, como ser verduras, frutas, carne, panificados y demás, y de esa forma poder seguir invirtiendo en su principal fuente de ingresos que es su negocio.
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