Kuña Guapa Group
One member worthy of being singled out is Cinthia who has a modest beauty salon where she works every day. By means of this business she is able to aid her family, struggling to supply their needs. Cinthia has, with much effort, been able to build up her business: Little by little, it is growing due to her efforts.
Today, Cinthia is requesting her loan to invest in the purchase of supplies for her business, such as shampoo, rinses, hair coloring, creams and other items. This will enable her to continue offering her customers good service while carrying on the struggle to improve her income.
Una persona digna de destacar es la Sra. Cinthia, quien tiene una peluquería modesta en la que trabaja todos los días, y es mediante su negocio que ayuda a su familia, y lucha para poder darles lo que necesitan. Ella con mucho esfuerzo pudo montar su negocio y poco a poco con su esfuerzo está creciendo.
Hoy pide de este crédito para poder invertirlo en la compra de insumos para su negocio, como ser shampoo, enjuagues, tintes, cremas y demás, y así seguir dando a sus clientas un buen servicio, y también seguir luchando por mejorar sus ingresos.
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