Sayas Pty Group
Alba is one of these women, and she is also the president of the group. She is a person who puts forth great effort in order to grow and to help each of her colleagues to grow. She always has a lot of work because she is very good at what she does. She makes all types of clothes, and this is going very well for her.
She is requesting this loan to buy fabric, thread, buttons, and other supplies. By doing so, she will be able to continue doing her work. She can be defined as a tenacious person who wants to advance.
Una de estas mujeres es la Sra. Alba, quien también es la presidenta del grupo, es una persona que se esfuerza por crecer, ayudar a sus compañeras y crecer cada una en los emprendimientos que hace. Ella además de ayudar a sus amigas es costurera, y cuenta que siempre está con mucho trabajo debido a que es muy buena en lo que hace, confecciona todo tipo de prendas y en eso le va muy bien.
Solicita de este crédito para poder invertirlo en la compra de telas, hilos, botones y demás, ya que con ello podrá seguir haciendo sus trabajos. Ella se define como una persona que lucha y que quiere progresar.
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