They are completing the self management survey so they can keep growing and improve the shortcomings of each member and improve their lives and income.
One noteworthy person is Nancy who is a fighter. She breeds and sells pigs. She notes that this is hard work since she has to keep track of the animals at all times and make sure they have everything they need.
Her dream is to one day be able to own a small farm with more animals to breed and in this way keep helping her family.
She is requesting this loan to buy piglets and feed. She is grateful for this opportunity since it will help her to grow.
Una persona digna de destacar es la Sra. Nancy, quien es muy luchadora, se dedica a la cría y venta de cerdos, comenta que es muy sacrificado ya que tiene que estar pendiente de sus animales a toda hora, velar porque no les falte nada. Su sueño es algún día poder completar una pequeña granja con mas animales para criar, y así seguir ayudando a su familia como lo viene haciendo. Solicita esta ayuda para poder comprar cerdos pequeños y también para poder comprar balanceados. Agradece por esta oportunidad que esta recibiendo que el ayudará a seguir creciendo.
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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