Desarrollo Comunitario Group
One of the members is Sra. Maria. Her recent survey indicated that she was at a Level 2 poverty stage, which is to say that with continuous effort and work she will be able to reach an average income level. Maria sells cleaning products and is making the effort to improve her life and help her loved ones.
Maria is requesting a loan in order to buy cleaning products to sell. This will solidify her business plan, which will help to improve her earnings.
Una de las integrantes es la Sra. Maria, quien en su última encuesta mostró un nivel de pobreza dentro del nivel dos, es decir con niveles medios de ingresos que a través del esfuerzo y el trabajo continuo y mediante la venta de productos de limpieza que hace, está luchando por mejorar su vida y ayudar a sus seres queridos.
La Sra. Pide este préstamo para la compra de productos de limpieza para la venta, lo que le ayudará a tener a concretar su plan de negocio, el cual le ayudará a mejorar sus ingresos.
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
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Success!! The loan was 100% repaid