Kuña Mbarete Group
Nimia recycles a wide range of products such as boxes, aluminum, paper and plastic, which she collects and then sells wholesale. She does this job with a lot of sacrifice but it helps her to support her family. She is very proud of the work that she does because it is a dignified and above all an honest job.
She is asking for this loan to invest in recycled materials, such as plastic, aluminum and other things. She buys them and later sells them wholesale to increase her income. She is grateful for the help that she is receiving.
Nimia es una mujer muy sacrificada, que se dedica al reciclaje de productos varios, como ser cartones, aluminio, papel y plástico, que ella recoge y que luego vende al por mayor, y es por medio de este trabajo que ayuda a su familia. Nimia comenta que está orgullosa con el trabajo que hace ya que es un trabajo digno y por sobre todo honesto.
Pide este préstamo para poder invertirlo en la compra de materiales reciclados, como ser plásticos, aluminio y demás, que ella compra y luego vende al por mayor para tener un mejor ingreso. Agradece por la oportunidad que esta recibiendo.
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