Koe Pyahu Group
Mirian is the president of the committee and says that she has a well-stocked grocery store, where the majority of her neighbors buy from her. She has been able to set up her business with a lot of effort and sacrifice, and her desire is to be able to keep growing and have a well-stocked store with all types of products in the future.
She asks for this loan to invest in buying drinks, meat, fruit and other supplies to be able to keep investing in her store. She is thankful for this opportunity, as it will be a lot of help to her.
La señora Mirian es la presidenta en el comité y cuenta que tiene una despensa bien surtida, donde la mayoría de sus vecinos compra de ella. Con mucho esfuerzo y sacrificio ha podido montar su negocio y su deseo es poder seguir creciendo y el día de mañana tener una despensa bien surtida y con todo tipo de productos.
Solicita de este crédito para invertirlo en la compra de bebidas, carnes, frutas, y demás insumos para poder seguir invirtiendo en su tienda. Agradece por esta oportunidad que le será de mucha ayuda.
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