Unidas Podemos Group
Señora Rosa is part of this group, and she makes a living in sales now that she has a small kiosk. She is a hard working person who fights for her family, to give and provide for all of their needs. She is completing the poverty elimination survey to continue growing and improve in her work. She strives to improve and make a better income.
She asks this loan for the purchase of drinks, candies, cookies, juices and more, to be able to supply her kiosk and give her customers all that they ask.
Ella es una persona muy trabajadora que lucha por su familia, por darles y cubrir todas sus necesidades. Esta haciendo la encuesta de eliminación de pobreza para ir creciendo y mejorando en su trabajo. Se esfuerza por mejorar y obtener mejores ingresos.
Solicita este crédito para la compra de bebidas, golosinas, galletitas, jugos y demás, para poder surtir su kiosko y dar a sus clientes todo lo que ellos piden.
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