Mujeres Unidas Group
One of the members is Felipa who works at tutoring students in various subjects at school. She states that this is her primary source of income, as she is also responsible for taking care of her home. She is a very good teacher and that is why she has so many private students. Her dream is to help other people, and she is achieving this with her work.
She is asking for this loan so she can buy educational materials as they will be very useful for the classes she gives. She appreciates this opportunity so she can continue with her work.
Una de las integrantes es la Sra. Felipa quien se dedica a la enseñanza particular de alumnos en distintas materias de colegio, comenta que ese es su fuente principal de ingresos, ya que también se encarga de cuidar su hogar, ella es muy buena maestra, es por eso que tiene muchos alumnos de manera particular. Su sueño es poder ayudar a las demás personas y lo está consiguiendo por medio de su trabajo.
Pide este préstamo para la compra de materiales didácticos, ya que le será de mucha utilidad para las clases que imparte. Agradece por esta oportunidad que recibe de seguir con 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