Mujeres Unidas Group
One of the members is Sra. Gloria. She is doing the poverty elimination survey and is at Level 2, which means that she has a mid-level income. Sra. Gloria sells sheets, bedspreads, pillow cases and Argentinian products, which are cheaper and higher quality, that she brings in. Sra. Gloria is a person who is anxious to grow and get ahead.
She is requesting the loan to purchase sheets, bedspreads, pillowcases etc. which will help her to continue with her sales and improve her income a little every day.
Una de las integrantes es la Sra. Gloria quien está haciendo la encuesta de eliminación de pobreza, y se encuentra en el nivel 2, lo que quiere decir que tiene ingresos medios. Ella vende sábanas, colchas fundas y venta de productos argentinos que trae ya que son más baratos y de mejor calidad. Ella es una persona con muchas ansias de crecer y de salir adelante.
La Sra. Gloria solicita este crédito para la compra de sábanas, colchas fundas, etc, lo que le ayudará a seguir con sus ventas e ir mejorando día a día 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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