Kuña Pyapy Mbarete Group
Herminia is part of this group and makes a living as a seamstress with which she helps her family. She is a very entrepreneurial woman who has been helping her family and loved ones through her effort and sacrifice. Thanks to her persistence she is improving her life little by little and wants to keep working. It is for this reason that she is asking for this loan, to be able to purchase fabrics, thread, elastic etc., and thus continue with the work she has been doing.
She is grateful for the opportunity she is receiving and that it will be very helpful for her.
Herminia es parte de este grupo, ella se dedica a la costura, con lo cual ayuda a su familia. Ella es una mujer muy emprendedora, que a través de su esfuerzo y sacrificio ha ido ayudando a su familia y a sus seres queridos. Poco a poco gracias a su empeño está mejorando su vida y quiere seguir trabajando, es por eso que está pidiendo este préstamo, para poder comprar telas, hilos, gomas, y demás, y así seguir con su trabajo, como lo viene haciendo.
Agradece por esta oportunidad que está recibiendo y que le será de mucha ayuda.
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