Kuña Pyapy Mbarete Group
One of these women is Noelia, who in the survey showed up with a poverty level one, that is indicating low income. But she is conscious that she must continue working. She does hairdressing and with her loan wants to buy greater quantities of nail polish and various materials so as to lower her costs.
All the members are grateful for the opportunity they have been given.
Una de las integrantes es la Sra. Noelia, quien en su encuesta mostró un nivel de pobreza dentro del nivel uno, es decir con bajos ingresos, pero consciente de que debe seguir trabajando. Ella se dedica a la peluquería y con su crédito quiere comprar productos en mayor cantidad de esmaltes y materiales variados para abaratar los costos. Agradece por la oportunidad que están recibiendo todas las integrantes.
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