San Cayetano 1 Group
Catalina is part of this group of fighters. In her last poverty elimination survey she was a level one - that is to say, with a very low level of income. She has a great desire to grow, which shows in her enthusiasm. She sells milk, starting work very early in the day so that she can get her product on her customers' tables for breakfast.
She asks for a loan to buy more milk so that she can continue her sales. She is grateful for the opportunity that she has been given since it will help her to invest in her small business and have more income.
Catalina es parte de este luchador grupo, en su última encuesta de eliminación de pobreza resulto estar en el nivel uno, es decir con niveles de ingresos muy bajos. Ella es una persona con muchas ansias de crecer, lo cual se ve muy bien con el entusiasmo que pone. Ella se dedica a la venta de leche, y cuenta que trabaja desde muy tempranas horas del día para poder llevar su producto a la mesa de sus clientes para el desayuno.
Solicita de este crédito para la compra de más leche, con lo cual podrá seguir con sus ventas. Ella esta agradecida por esta oportunidad que está recibiendo, pues le ayudará a invertir en su microemprendimientos y tener mejores 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