Nueva Union Group
One of the group members is Felipa, who fell into "level 3" poverty during the last survey cycle, which means that she is improving her living conditions and helping her family. Felipa is a seamstress, in addition to doing other types of work. She sews sheets, pillowcases, bedspreads and pants. Her work stands out and he is working hard to improve her family's circumstances.
Felipa requests this loan to invest in the purchase of a variety of fabrics so that she will be able to continue with her work and fulfill the orders of her clients. She is grateful for the opportunity she has been given, which will be of great help to her.
Una de las integrantes es la Sra. Felipa, quien en su última encuesta mostró un nivel de pobreza dentro del nivel 3, lo que quiere decir que se encuentra mejorando sus condiciones de vida y la de su familia. Entre el trabajo que ella hace cuenta que es costurera, y que se dedica a la confección de sabanas, fundas, colchas, pantalón, etc., Se destaca el trabajo de la señora, quien está luchando por mejorar sus condiciones de vida y la de su familia.
La Sra. Felipa pide este préstamo para poder invertirlo en la compra de telas variadas, para poder seguir con su trabajo y cumplir con los pedidos de sus clientes. Agradece por la 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