San Isidro Group
Sra. Carmen is a manicurist and feels very good about what she does. She is a skillful individual who is knowledgeable about sculpting nails and making designs, which is what she enjoys doing most for her clients. Since she does very good work, Carmen is well-known in her neighborhood. Today she is requesting a loan so that she can improve her inventory of supplies. She needs nail polishes, acetone, cotton swabs, and other items so that she can continue working and providing good service to her clients like she always does. Carmen is grateful for the help she has received since it will be very useful.
La Sra. Carmen es manicurista y se siente muy bien con lo que hace, es una persona muy hábil, que sabe esculpir las uñas y hacer diseños, que es lo que más gusta a sus clientas. Gracias a que es muy buena haciendo su trabajo es reconocida en el barrio.
Hoy solicita de este crédito para poder mejorar sus insumos, ya que necesita esmaltes, acetonas, algodón pinceles y demás y de esa forma seguir trabajando y dando a sus clientes el buen servicio que siempre hace. Agradece por esta ayuda que recibe que le será muy útil.
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