One of its members is Fatima. In her most recent survey, she scored a level poverty of one, which means that she should keep working hard to improve little by little. All of this through effort and continuous work and her job dressmaking, decorating and hairdressing. She is a very hard-working woman who has a young spirit and a great desire to move forwards and succeed.
Fatima is requesting this loan to buy fabric, needles, dyes, scissors, and other items so that she can continue to fulfill the orders of her customers, and improving her living conditions.
Una de las integrantes es la Sra. Fatima quien en su última encuesta mostró un nivel de pobreza dentro del nivel uno, lo que quiere decir que debe seguir esforzándose un poco más para poder mejorar poco a poco, todo esto a través del esfuerzo y el trabajo continuo y por medio de sus trabajos de costura, también de decoradora y peluquera ella es una mujer muy trabajadora que tiene el espíritu jovial y muchas ganas de salir adelante y poder superarse.
La Sra. Fatima solicita de este préstamo para la compra de telas, agujas, tintes, tijeras, etc., y de esa forma poder seguir cumpliendo con los pedidos de sus clientes, y mejorando sus condiciones de 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