Virgen Poderosa Group
One of the members is Flora, who makes a living selling homemade food. The business is doing very well, because her food is delicious and is in high demand by her customers. She is a very hardworking woman who, with a great deal of effort, is moving forwards. Today, she is requesting a loan to invest in buying meat, condiments, vegetables and other ingredients to continue making the food she sells.
Una de las integrantes es la Sra. Flora, quien se dedica a la venta de comestibles, que ella misma hace y en lo cual le va muy bien, ya que sus comidas son muy ricas y lo piden mucho sus clientes. Es una mujer muy trabajadora que con mucho esfuerzo esta saliendo adelante. Hoy solicita de este crédito para poder invertirlo en la compra de carne, condimentos, verduras y demás insumos para poder seguir con la elaboración de las comidas que vende.
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
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Success!! The loan was 100% repaid