Mirian is a hard working woman and every day she works more and more in order to help her family and increase her income. Mirian sells food goods that she makes herself and that her customers like a lot. She dreams of being able to have her own stand one day, selling food, and in order to see this through, she will continue working and growing her business.
She is applying for this credit because she wants to invest in her business by purchasing the things she needs to make her food items such as vegetables, meat, condiments and more. She is thankful for this opportunity that she has been given and knows that it will help her out a lot.
Mirian es una mujer muy trabajadora, que día a día está esforzándose mas y mas para poder ayudar a su familia y aumentar también sus ingresos. Mirian se dedica a la venta de comestibles que ella hace, y que sus clientes gustan mucho. Ella sueña con poder tener algún día un puesto grande de comidas, y de esa forma seguir trabajando y creciendo con su negocio.
Solicita de este crédito para poder invertirlo en la compra de insumos para seguir haciendo sus comidas, como ser verduras, carne, condimentos y demás. Agradece por esta oportunidad que esta recibiendo, que le será de mucha ayuda.
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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