Mujeres Unidas Group
Señora Lourdes is part of this group. She sells various kinds of jewelry and other products on foot. She is a person who stands out because of the sacrifices that she makes in order to be able to improve her life and that of her family, and give them everything that she was not able to have, so that they will not lack for anything. Her family is her strength and her reason to strive.
She is requesting this loan in order to invest in the purchase of various types of jewelry to sell, as she has orders that she wants to fulfill, and this way, she will be able to continue working as she has before. She is grateful to have this opportunity to be able to continue growing, and improving her life.
La Sra. Lourdes es parte de este grupo, ella se dedica a la venta de joyas variadas, y también a la venta de productos variados en forma ambulante, es una persona que se destaca por el sacrificio que hace por poder mejorar su vida y la de su familia, para poder darles todo lo que no pudo tener, y así que no les falta nada. Su familia es su fortaleza y motivo de lucha.
Pide este préstamo para poder invertirlo en la compra de joyas variadas para la venta, ya que tiene pedidos con los que quiere cumplir y de esa forma poder seguir trabajando como lo viene haciendo. Agradece por esta oportunidad que está recibiendo de poder seguir creciendo y mejorando su vida.
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