Mujeres Unidas Group
One of the members is Marta. The last survey showed her to be in level three of the levels of poverty, which means she has stable income. Nonetheless, she is struggling to improve and maintain her quality of life. She says that she makes handicrafts which she sells to her customers, and that this business has been going well for her. She is working hard to improve her life and to keep growing.
Marta requests the loan to buy supplies to make her handicrafts (thread, fabric, etc.), which will help her carry out her business plan and thus help improve her income. She is grateful for the opportunity that she and her group members are receiving, since through this assistance they will be able to improve their income.
Una de las integrantes es la Sra. Marta, quien en su última encuesta mostró un nivel de pobreza dentro del nivel tres, es decir con ingresos estables, pero igual ella está luchando por mejorar y mantener su nivel de vida. Ella cuenta que realiza manualidades, que vende a sus clientes, y con lo que le está yendo bien. Está trabajando arduamente para mejorar su vida e ir creciendo.
La Sra. Marta solicita de este crédito para la compra de insumos para realizar sus manualidades (hilos, telas, etc), lo que le ayudará a concretar su plan de negocio, el cual le ayudará a mejorar sus ingresos. Agradece por la oportunidad que ella y sus compañeras están recibiendo, ya que por medio de ello podrán 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