El Progreso Group
Isabel, one of the members, is at a medium level of income. She works day to day tenaciously and is working to increase her income. She has a well-stocked grocery store with all types of products of top necessity, and she stocks it with everything that her customers need. Her goal is to be able to expand her business in order to be able to offer better variety to her customers and also more convenience.
She is requesting this loan for the purchase of sodas, meats, herbs, rice, eggs, and further supplies in order to be able to stock her business and give her customers all that they need. She is thankful for the opportunity that she and her fellow members are receiving.
Isabel, una de las integrantes se encuentra en un nivel medio de ingresos, trabaja día a día tenazmente y así está trabajando de mejorar sus ingresos. Cuenta que tiene una despensa bien surtida con todo tipo de productos de primera necesidad, con el que surte y da a sus clientes todo lo que necesitan. Su meta es poder ir agrandando su negocio para poder ofrecer mejora variedad a sus clientes y también mayor comodidad.
Solicita de este crédito para la compra de bebidas, carnes, yerba, arroz, huevos y demás insumos para poder surtir su negocio y dar a sus clientes todo lo que necesitan. Ella agradece por la oportunidad que sus compañeras y ella 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