Nueva Esperanza Group
Lourdes is part of the group. She is participating in the Poverty Stoplight Survey and is at level three. That is with good revenue but needs to work on maintaining it. Through her effort and non-stop work she finds herself improving her situation. Lourdes sells cosmetics. The great enthusiasm of this woman stands out. She always puts her all into it, in order to better her life.
Lourdes is requesting this loan to buy cosmetics of various brands for resale, which will help fulfill her business plan. This will help her increase her revenues and continue working.
Forma parte de este grupo la Sra. Lourdes, quien está haciendo la encuesta de eliminación de pobreza, y mostró un nivel de pobreza dentro del nivel tres, es decir, con ingresos buenos, pero debe de seguir trabajando para mantenerlos. A través del esfuerzo y el trabajo continuo, ella se encuentra mejorando su situación de pobreza. Lourdes vende cosméticos, también se debe destacar el gran entusiasmo de este señora, que siempre pone todo de sí para poder mejorar su vida.
La Sra. Solicita de este crédito para la compra de cosméticos de distintas marcas para la venta, lo que le ayudará a concretar su plan de negocio, el cual le ayudará a mejorar sus ingresos y seguir trabajando.
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