San Isidro 2 Group
The featured member is Narcisa, and she makes a living selling chickens. It is a very demanding job because she always needs to keep an eye on her animals to ensure that they are healthy. She is a very fighting woman, and she wants to continue improving her business, little by little, through her efforts.
With the loan, she will buy a large quantity of chickens to raise and later sell. In this way, she will continue investing in her business and being able to give her family what they need.
La Sra. Narcisa, es una de las integrantes, quien se dedica a la venta de gallinas, es un trabajo muy sacrificado ya que debe estar siempre pendiente de sus animales, de que no les falte nada. Ella es una mujer muy luchadora, quien quiere ir mejorando su trabajo poco a poco y por medio de su esfuerzo.
Con su crédito quiere comprar en mayor cantidad de gallinas para la cría y venta, y de esa forma seguir invirtiendo en su plan de negocios y dar a su familia lo que necesitan.
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