Mujeres Unidas Group
One of the members is Teresa, who does dressmaking and sells all types of products as a street vendor, such as clothing and footwear. She is a very hard-working person who strives and does her best to move forward in life, and to help her family through her work. She defines herself as a very able woman who wants to work and progress.
She is requesting this loan to invest in the purchase of fabric, articles of clothing, footwear and other items, enabling her to invest in both of her activities. She is grateful for the opportunity that she and her friends are receiving.
Una de las integrantes es la Sra. Teresa, quien se dedica a la costura y a la venta ambulante de todo tipo de productos, como ser prendas y calzados. Ella es una persona muy trabajadora, que lucha y se esfuerza por salir adelante y por medio de su trabajo ayudar a los suyos. Ella se define a si misma como una persona muy capaz, que quiere trabajar y progresar.
Solicita de este crédito para invertirlo en la compra de telas, prendas, calzados y demás, para poder invertirlo en ambos oficios que tiene. Agradece por la oportunidad que ella y sus amigas están recibiendo.
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