Kuña Pora Group
Aurelia sells clothing, she always has a good clientele because she has all kinds of clothing, and she is a good saleswoman, which is why she is doing well. She defines herself as someone who wants to fight and work for her family.
She comments that her goal is to be able to have a large clothing store where she will be able to continue with her sales and to improve her earnings. She is asking for this credit in order to purchase jeans, T-shirts, pants, shirts and other items so that she can continue with her sales and improve her earnings.
Aurelia es vendedora de ropas, siempre tiene muy buena clientela porque tiene todo tipo de prendas, es muy buena vendedora, y es por eso que le está yendo muy bien. Ella se define a sí misma como una persona que quiere luchar y trabajar por su familia.
Comenta además que su meta es poder tener una gran tienda de prendas para poder seguir con sus ventas y mejorar sus ingresos. Ella solicita de este crédito para la compra de jeans, remeras, pantalones, camisas y demás, para que de esa forma siga con sus ventas y mejorando 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