Maria Auxiliadora Group
Venancia is one of the women who, through her work and sacrifice, is growing and getting ahead and generating income to help her family. She sells charcoal, a business that is growing little by little, and she now has good customers.
She asks for this loan to invest in the purchase of charcoal to sell, since she wants to have a large enough quantity of her product on hand to offer to her customers.
Venancia es una de estas mujeres, quien a través de su trabajo y sacrificio esta creciendo y saliendo adelante y generando los ingresos para ir ayudando a su familia. Cuenta que se dedica a la venta de carbón, negocio en el que esta creciendo poco a poco, y ya tiene muy buena clientela.
Solicita de este crédito para poder invertirlo en la compra de carbón para la venta, ya que quiere poder tener una buena cantidad de producto que ofrecer a sus clientes.
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