María, one of the members, is a person who wants to grow. She is a fighter and she always comes to the training sessions. She saves some money and works hard every day to continue growing and improve her family’s life. She sells charcoal and says that she does well since it is cheaper and people prefer it, which means that there is a good demand for it.
María is requesting a loan to buy charcoal in order to continue selling it and avoid shortages. She is grateful for this opportunity, which will be of great help for her.
María, una de las integrantes, es una persona que quiere crecer, siempre se esmera y participa de las capacitaciones, tiene su pequeño ahorro y día a día se esfuerza por ir creciendo y mejorar la vida de su familia. Ella se dedica a la venta de carbón, y cuenta que le está yendo muy bien ya que el carbón es más económico y la gente lo prefiere y tiene buena venta
Solicita de este crédito para poder invertirlo en la compra de carbón para poder seguir con sus ventas y que no le falte su principal producto. Agradece por esta oportunidad que está recibiendo que le será de gran ayuda.
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