San Miguel Group
One of the members is Dora, who in her last survey showed a poverty level within level one (red), that is, with a very low income. Through continuous effort and work her situation is improving, but she is also aware that the work and effort she is putting in must be continuous and permanent if she is to achieve total success and be able to give her family better well-being. Selling farm products is one of the jobs she does. It is also fitting to point out that the majority of the women in the group are illiterate and are now retaking their studies.
Dora is requesting this loan so she can purchase farm supplies, which will help her to settle her business plan and improve her income.
Una de las integrantes es la Sra. Dora, quien en su última encuesta mostró un nivel de pobreza dentro del nivel uno, es decir con ingresos muy bajos, ella a través del esfuerzo y el trabajo continuo se encuentra mejorando su situación de pobreza, pero igualmente está consciente de que este trabajo y esfuerzo que está haciendo debe ser continuo y permanente para lograr un éxito total, ya que con ello podrá dar un mejor bienestar a su familia. Entre el trabajo que ella hace es la venta de productos agrícolas. También cabe destacar que las señoras del grupo en su mayoría son analfabetas y que ahora están retomando sus estudios.
La Sra. Dora Solicita este crédito para la compra insumos agrícolas lo que le ayudará a tener a concretar su plan de negocio, el cual le ayudará a 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