Mujeres Unidas Group
Cynthia, one of the group, is a very hardworking person, who sells clothing and shoes. She tells in the beginning it was a little difficult for her to begin with her work, but that now she has very good customers and also fills orders. In this way she is getting ahead and helping her family.
She is requesting this loan so that she can invest it in buying all types of clothing, in order to be able to offer a good variety to her clients and to also be able to attract more.
Cynthia es una de ellas, es una persona muy trabajadora, quien vende ropas y zapatos. Cuenta que al principio le costo un poco empezar con su trabajo, pero que hoy ya tiene muy buena clientela, hace también sobre pedidos y así esta saliendo adelante y ayuda a su familia.
Ella pide de este préstamo para poder invertirlo en la compra de ropas de todo tipo, para poder ofrecer una buena variedad a sus clientes y también poder atraer a mas.
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