Kuña Pora Group
Claudia is part of this group, who with great effort has been growing and improving her life, thanks to the business she has. In her house is a well-stocked little pantry in which she works in the early hours. She is a feisty and self-sacrificing woman, and wants to continue working to be able to help her family. She asks this loan to be able to use it to purchase drinks, milk, groceries, vegetables, and other items so that will be able to continue offering a good variety to her customers.
Claudia es parte de este grupo, quien con mucho esfuerzo ha ido creciendo y mejorando su vida gracias al negocio que tiene. En su casa hay una despencita bien surtida en la que trabaja desde tempranas horas. Ella es muy sacrificada y luchadora, y quiere seguir trabajando para poder ayudar a su familia. Pide de este crédito para poder utilizarlo en la compra de bebidas, leche, comestibles, verduras y demás insumos ya que de esa forma podrá seguir ofreciendo una buena variedad a sus clientes.
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