Mujeres Trabajadoras Group
Rigoberta is one of the members. She has a well-stocked grocery store where she works, starting in the very early hours, every day. She is a person with big hopes and dreams, and she struggles for her family. Her goal is to be able to continue making her grocery store bigger and expanding.
She is requesting this loan in order to be able to buy vegetables, fruits, meats, milk, and other supplies so that she can continue offering her customers everything they ask for. She is grateful for this opportunity that she is getting. It will be a big help.
Una de las integrantes es Rigoberta, quien tiene una despensa bien surtida, y donde trabaja todos los días desde muy tempranas horas. Ella es una persona con grandes esperanzas y sueños, y lucha por su familia. Su meta es poder seguir agrandando su despensa e ir ampliando.
Solicita de este crédito para poder invertirlo en la compra de verduras, frutas, carnes, leche y demás insumos para poder seguir ofreciendo a sus clientes todo lo que piden. Ella agradece por esta oportunidad que recibe 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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Success!! The loan was 100% repaid