Cadena De Mujeres Group
One of the group members is De Las Nieves who thanks to her skill in making food is getting ahead. She works making home-made cured meats. She herself chooses the ingredients and makes them. She has a good clientele and her cured meats are highly sought-after and ordered by her customers. She relates that she wants to continue with her project and to invest in it.
She’s asking for this loan to buy ingredients like meats, spices, vegetables, and others to continue making the cured meats. She’s grateful for the opportunity that will allow her to continue to grow.
Una de las integrantes de este grupo es la Sra. De Las Nieves, quien gracias a su habilidad para hacer comestibles está saliendo adelante, ella se dedica a la elaboración de embutidos caseros. Ella misma se encarga de escoger sus insumos, y los elabora, tiene muy buena clientela y sus embutidos son muy solicitados y pedidos por los clientes. Ella cuenta que quiere seguir con sus proyectos e invertir en el.
Solicita de este crédito para la compra de insumos para seguir haciendo sus embutidos, como ser carnes, especias, verduras y demás. Ella esta agradecida por esta oportunidad que le permitirá seguir creciendo.
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