San Expedito Group
Delia is one of the members. She sells various cheeses. She comments that she has a clientele formed, as her products are acceptable for her customers and so things are going well. Her dream is to own a store where she could offer what she sells and be able to grow and grow. She is requesting this loan to buy cheese, which will help her with her sales and increase her revenue. She is grateful for this opportunity she and her companions are receiving.
Delia es una de las integrantes, quien se dedica a la venta de quesos variados, comenta que tiene ya una clientela formada, pues sus productos son muy aceptados por sus clientes, y es por eso que le está yendo muy bien. Su sueño es poder tener una tienda donde poder ofrecer lo que vende y así poder crecer más y más.
Pide este préstamo para poder invertirlo en la compra de quesos, lo que le ayudará a seguir con sus ventas y mejorando sus ingresos. Agradece por esta oportunidad que ella y sus amigas reciben.
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