Mujeres Trabajadoras Group
One of the members is Nilda. She took the poverty elimination survey, and is working to improve her business and her financial situation. She comments that she has a well-stocked store, with which she is increasing her income and helping her family.
Nilda is requesting this loan to buy general products such as vegetables, meat, fruit, and other bulk products. This will help her to carry out her plans for her business, which will help her to increase her income. The children in the photograph are the children of the members. In the photo there are more people shown than are taking this loan, because there are some members who will not be taking a loan at this time, but they are part of the communal bank.
Una de las integrantes es la Sra Nilda quien hizo su encuesta de eliminación de pobreza, y trabaja por ir mejorando su trabajo y su situación de pobreza, y comenta que tiene una despensa bien surtida, con la cual está mejorando sus ingresos y por medio de ello ayuda a su familia.
La Sra. Nilda Solicita de este préstamo para la compra de insumos en general, como ser verduras, carne, frutas, productos a granel y demás, lo que le ayudará a tener a concretar su plan de negocio, el cual le ayudará a mejorar sus ingresos. Los niños que están en la fotografía son hijos de nuestros clientes. en la foto del grupo aparecen mas personas, ya que el grupo tiene mas miembros que en esta ocasión no retiran crédito pero que forman parte del comité.
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