One of the members is Patricia who in the previous survey was in a good income level but she’s aware that she must continue working and making the effort to continue growing. She has a well-stocked kiosk with all types of product like beverages, food items and others. It’s with this business that she’s able to have the means by which to help her family and to give them everything they need so they won’t have to go through the needs she had to.
Patricia is asking for this help to buy snacks, food items, juices, soft-drinks, candy and other supplies to continue with her sales and thus improve her poverty situation.
Una de las integrantes es la Sra. Patricia quien en su última encuesta mostró un nivel de ingresos bueno, pero ella es consciente que debe seguir con su trabajo y esforzándose para seguir creciendo. Ella tiene un Kiosco bien surtido con todo tipo de productos, como ser bebidas, comestibles y demás, es con este negocio que lucha y tiene los medios para poder ayudar a su familia y poder darles lo que necesitan para no pasar por ningún tipo de necesidades como las que ella tuvo que pasar.
Patricia pide de esta ayuda para poder invertirla en la compra de golosinas, comestibles, jugos, gaseosas, caramelos y demás insumos para poder seguir con sus ventas y mejorar así su situación de pobreza.
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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