San Miguel Group
Alicia is a member of this group and during the last survey was found to be in the 2nd poverty level, meaning a medium level of income. Through her efforts, hard work, and her enthusiastic behavior as a successful woman, she will continue to improve her income level. She does this through her work selling clothing.
She will use this loan to buy various types of clothing to sell, since in this way she will be able to continue to grow and work as she always has.
Una de las integrantes es la Sra. Alicia, quien en su última encuesta mostró un nivel de pobreza dentro del nivel do, es decir con ingresos medios, donde ella a través del esfuerzo y el trabajo continuo y la aplicaciones de los comportamientos vitales de una mujer exitosa irá mejorando su situación de pobreza, sumado esto a su trabajo en la venta de prendas que hace.
La Sra. Solicita de este préstamo para poder comprar prendas variadas para la venta, ya que así podrá seguir creciendo y trabajando como lo viene haciendo.
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