Sagrada Familia Group
Liz, one of the members, has a cantina at the neighborhood school. She says that she carries many types of products so that she can sell the students anything they want. She starts working very early in the morning, and says that her cantina is her source of income and the way that she helps her family.
She asks for a loan to buy snacks, hot dogs, breads and ingredients to make food for sale at the cantina. This way she will be able to keep growing her business and give her family what they need to live without lacking anything.
La Sra. Liz es una de las integrantes, ella tiene una cantina en la escuela del barrio y cuenta que tiene todo tipo de productos, y con ello da a los alumnos de la escuela todo lo que piden. Desde muy tempranas horas del día empieza su trabajo, además de eso cuenta que su cantina es su fuente de ingresos y la forma en la que ayuda a su familia.
Solicita su crédito para la compra de golosinas, panchos, panes y la materia prima para la elaboración de comestibles para su venta en la cantina. Y de esa forma poder seguir creciendo con su negocio y dar así a su familia lo que necesitan para tener una vida sin privaciones.
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