Castorina is one of them, in her survey about overcoming poverty, she scored poverty level two, with a medium level of income. She sells food outside of her house. She has good clientele who she sells to and takes orders from as well, through this she is able to help her family get ahead. She dreams with having a good stand and continue to satisfy her customers with the delicious food she makes.
She requests this loan to invest it in buying meat, eggs, cheese, flour, salt, ham, vegetables and condiments, to use them to prepare food for sale. She is thankful for the opportunity that her and her group-mates are getting.
Castorina es una de ellas, quien en su encuesta de eliminación de pobreza mostró un nivel de pobreza dentro del nivel dos, con un nivel de ingresos medios. Ella cuenta que su trabajo es la venta de comidas, que lo hace frente a su casa. Tiene muy buena clientela ya que les vende y también recibe pedidos, es por medio de todo eso que consigue y ayuda a su familia a crecer. Sueña con tener un gran puesto de comidas y seguir deleitando a sus clientes con las delicias que hace.
Solicita de este crédito para invertirlo en la compra de carne, huevo, queso, harina, sal, jamón, verduras y condimentos, para usarlos en hacer las comidas que vende. Agradece por esta oportunidad inmensa que ella y sus compañeras 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