Santa Catalina Group
A person with a great fighting spirit and strong drive to get ahead is Silvana who thanks to her sales in her grocery store is getting ahead. She started out with a small business which has gradually been growing and the store has been improving.
She’s asking for this loan in order to buy stock merchandise like meat, vegetables, fruit, rice, etc. for her store in order to continue with her sales and in this way to have income to continue growing with the store.
Una persona con gran espíritu de lucha y con ganas de salir adelante es la Sra. Silvana, quien gracias a las ventas que hace en su despensa es que está saliendo adelante. Empezó con un pequeño negocio, pero poco a poco fue creciendo y mejorando su tienda.
Ella solicita de este crédito para poder invertirlo en la compra de insumos para su despensa, como ser carne, verduras, frutas, hortalizas, arroz y demás insumos para poder seguir con sus ventas, y de esa forma también tener los ingresos para seguir creciendo con su tienda.
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