The Emprendedoras de Villa Bonita group is a collection of working women in their ninth loan cycle. In doing a survey on eliminating poverty, two of the members fell below the poverty line, meaning they have very little income. Maria is a very hardworking person and makes a living as a manicurist. She is very good at what she does, and thanks to this she has a very good customer base. She says that she would like to be able to grow her business and one day have a beauty salon where she can expand her service. She is requesting the loan to purchase nail polish, nail polish remover, files, scissors and other items she needs to be able to continue providing a good service to her customers. She is very grateful for this opportunity, which will be a big help.
El grupo llamado Emprendedoras de Villa Bonita está en su ciclo número 9º del programa de comité de mujeres, donde todas trabajan y se ayudan para salir adelante. Están haciendo la encuesta de eliminación de pobreza, donde 2 de ellas se encuentran por debajo de la línea de pobreza, es decir con ingresos muy bajos.
Maria es una persona muy trabajadora y luchadora, comenta que se dedica a ser manicurista, es una persona muy buena en lo que hace, y gracias a eso ya tiene muy buena clientela. Cuenta que le gustaría poder crecer y el día de mañana tener un salón de belleza donde ampliar su servicio.
Solicita de este crédito para poder invertirlo en la compra de esmaltes, acetona, limas, tijeras y demás para poder seguir prestando el buen servicio para sus clientes. Esta muy agradecida 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 Paraguaya
Fundación 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.