Las Emprendedoras Group
Edita is the president of the group. She is an example, because everyday she works hard starting very early at her restaurant. She says that she always has a very good clientele and that is is going well for her. Her food is very delicious and she always has a lot of customers.
She is asking for this loan to be able to invest it in buying vegetables, seasonings, baked goods and other ingredients to use in her restaurant and with it be able to give her customers good service.
Edita es la presidenta de este grupo, es un ejemplo, ya que todos los días trabaja arduamente desde muy temprano en su comedor. Comenta que siempre tiene muy buena clientela, y que le va muy bien, ya que sus comidas son muy ricas y siempre tiene muchos clientes.
Pide este préstamo para poder invertirlo en la compra de verduras, condimentos, panificados hortalizas y demás insumos para poder usarlos en su comedor y con ello poder seguir dando una buena atención a sus clientes.
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