San Juan 2 Group
One of this group's members is Eulalia, who according to her first survey was at poverty level #2, that is, medium income but still low. She works selling drinks and food items, and she is improving her situation thanks to her own effort and persevering work, as well as through trainings and incentives offered by our foundation. This Committee is eager to keep working with our foundation and this is their third loan through the Committee. They are aware that thay have to work harder and consistently apply the trainings they attend.
Eulalia is requesting this loan to purchase meat to sell. It will help her define her business plan, which will in turn help her improve her income.
Una de las integrantes es la Sra. Eulalia, quien en su primera encuesta mostró un nivel de pobreza dentro del nivel dos, es decir con un ingreso medio, pero aun poco, ella trabaja en la venta de bebidas y comestibles, y través del esfuerzo y el trabajo continuo, capacitación e incentivo que le da la fundación ella se encuentra mejorando su situación de pobreza. Este Comité esta con ganas de trabajar con la fundación es su tercer crédito a través de comité. Están conscientes que tienen que trabajar más y aplicar las capacitaciones que se le brinda constantemente
La Sra. Eulalia Solicita de este crédito para la compra de carne, para vender, lo que le ayudará a tener a concretar su plan de negocio, el cual le ayudará a mejorar sus ingresos.
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