Sagrada Familia Group
Ignacia is at the red level; that is to say with very low income, but she is aware that by means of her effort and work she will be able to grow, improve her living conditions, and also improve her business. She does laundry; that is to say she washes the clothing of her customers. She says that it is very heavy and demanding work, but she is happy with what she does, as it is decent and honest work.
She is applying for this loan so that she can buy soap, fabric softener, and other supplies she needs to continue growing and have better income with which to help her family.
Ignacia se encuentra en un nivel rojo, es decir con ingreso muy bajo, pero ella es consciente que por medio de su esfuerzo y trabajo podrá crecer y mejorar sus condiciones de vida y también mejorar su emprendimiento. Ella se dedica a la lavandería, es decir, lava la prenda de sus clientes, y cuenta que es un trabajo muy sacrificado y pesado, pero que está contenta con lo que hace, ya que es un trabajo digno y honesto.
Ella solicita de este crédito para la compra de jabones, suavizantes para ropas y demás insumos que necesite para poder seguir creciendo y tener mejores ingresos con los que podrá ayudar a su familia.
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