Emilia is one of them. She also took the poverty elimination survey and comments that she works selling varied clothing items with which she’s improving her life very much and has helped her family.
She’s asking for this loan to buy more clothes, especially for summer, because the hot weather is approaching and she wants to continue working and giving her customers wheat they are asking for.
Emilia es una de ellas, también hizo la encuesta de eliminación de pobreza, comenta que se dedica a la venta de prendas de variadas clases con lo cual está mejorando mucho su vida y ha ayudado a su familia.
La Sra. Solicita este crédito para comprar más prendas, en especial de verano, ya que se acerca el calor y quiere seguir trabajando y dando a sus clientes lo que pide.
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