San Juan Bosco Group
Mercedes is one of the members, and in her survey showed that her poverty level is within level one, that is, she has a very low income. She is employed domestically and also works selling groceries. As can be seen, she is a woman that works hard and struggles to get ahead. She is trying very hard, in addition to having the responsibility of being the president of the group.
She is requesting this loan to be able to invest it in the purchase of meats, vegetables, condiments and other supplies to keep selling her groceries and to keep helping her family through her income.
Mercedes es una de ellas , quien en su encuesta mostró un nivel de pobreza dentro del nivel uno, es decir con ingresos muy bajos. Ella se dedica a ser empleada domestica y también se dedica a la venta de comestibles, como se puede ver ella es una mujer que trabaja arduamente y lucha por salir adelante. Se esfuerza bastante y además lleva la responsabilidad de ser la presidenta del grupo.
Solicita de este crédito para poder invertirlo en la compra de carnes, verduras, condimentos y demás insumos para poder seguir haciendo sus comestibles y ayudando a su familia por medio de sus ingresos.
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