San Isidro Group
One of the members is Sra. Cecilia, who serves as the group treasurer. She has a stocked food pantry. Thanks to the income she earns, Cecilia is able to help her family and make improvements by giving her customers what they need. She is a hardworking person who wants to keep growing. Sra. Cecilia is requesting a loan so that she can buy products for her shop such as beverages, vegetables, sodas, and other items. This will help her solidify her business plan, attract more customers, and earn more income.
There are 16 women in this group, but three of them did not obtain credit in this cycle. They are still in the group, so they also appear in this photo.
Una de las integrantes es la Sra. Cecilia, tesorera del grupo, quien tiene una surtida despensa, y gracias a la cual tiene los ingresos para poder ayudar a su familia, y la cual quiere poder mejorar para dar a sus clientes lo que necesitan. Ella es una persona trabajadora que quiere seguir creciendo.
La Sra. Solicita este crédito para la compra de insumos para su almacén, como ser bebidas, verduras, gaseosas y demás, lo que le ayudará a concretar su plan de negocio, y atrapar mas cliente e ingresos.
En el grupo son 16 mujeres, pero tres de ellas no retiran créditos en este ciclo, pero si integran el grupo, por lo que ellas aparecen también en la foto.
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