Virgen De Fatima Group
One of the members is Maria, who makes a living in sales. She has a small grocery store where she works every day from the early morning hours. She says that thanks to her efforts her business has been growing slowly and she wants to continue working on it. She is requesting this assistance in order to continue working and to buy supplies to stock her business, such as vegetables, foods, fruit, drinks and other products. In this way she can carry out her business plan.
Una de las integrantes es la Sra. Maria, quien se dedica a las ventas, tiene una pequeña despensa en la que trabaja todos los días desde muy tempranas horas. Cuenta que gracias al esfuerzo que está haciendo ha ido creciendo lentamente y quiere seguir haciéndolo.
Solicita de esta ayuda para poder seguir y trabajando y comprar insumos para surtir su negocio, como ser verduras, comestibles, frutas, bebidas y demás, pudiendo así concretar su plan de negocios
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
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Success!! The loan was 100% repaid