Santo Domingo Group
One of the members of the group is Mrs. María, who, with much effort and sacrifice, is progressing. She sells fresh vegetables each day beginning early in the morning. She is an enterprising woman with a great desire to progress and move forward.
She is asking for this loan in order to buy vegetables such as squash, tomatoes, carrots, onions, etc. In doing this she can continue with her sales and increase her earnings.
Una de las integrantes es la Sra. María, quien con mucho esfuerzo y sacrificio está saliendo adelante. Ella se dedica a la venta de verduras frescas que todos los días vende desde muy tempranas horas del día. Ella es una persona muy emprendedora y con muchas ansias de crecer y salir adelante.
Solicita de este crédito para poder invertirlo en la compra de verduras, como ser locotes, tomates, zanahorias, cebollas y demás y de esa forma poder seguir con sus ventas y seguir luchando por 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
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Success!! The loan was 100% repaid