Las Orquideas Group
Limpia is a noteworthy person because due to her efforts she is making progress. She has a well-stocked shop that thanks to her hard work she has been able to improve. She says that at the beginning it was very hard to get started, but today she has a very good clientele and she wants the business to keep growing. She is requesting this loan to be able to invest in the purchase of vegetables, meat, baked goods, dairy products and other items to be able to continue offering a good selection to her customers. Limpia is thankful for this important opportunity, because she is able to continue improving her business through her work.
Limpia es una persona digna de destacar, ya que por medio de su esfuerzo está saliendo adelante, ella tiene una despensa bien surtida, que gracias a su esfuerzo ha podido ir mejorando. Comenta que al principio le fue muy difícil poder empezar, pero hoy en día ya tiene muy buena clientela y quiere poder seguir creciendo.
Ella solicita de este crédito para poder invertirlo en la compra de verduras, carnes, panificados, lácteos y demás insumos para poder seguir ofreciendo una buena variedad a sus clientes. Limpia esta agradecida por la gran oportunidad que recibe, ya que podrá seguir mejorando su emprendimiento por medio de su trabajo.
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