Kuña Kyrey 2 Group
Hermelinda is one of the group members. She is a hard working woman who is striving to give her family what they need so they do not have to go through any hardship.
She sells cosmetics and in this way earns the income she needs.
She is asking for this loan so she can invest in buying cosmetics of all brands. This way she can keep selling as she has been doing.
Una de las integrantes es la Sra. Hermelinda es una de las integrantes, ella es una mujer muy trabajadora que se está esforzando para dar a su familia lo que necesitan y que de esa forma no tengan que pasar por ningún tipo de privaciones. Ella vende cosméticos y de esa forma puede tener los ingresos que necesita.
Solicita de este crédito para poder invertirlo en la compra de cosméticos de todas las marcas y de esa forma poder seguir con sus ventas como lo viene haciendo.
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