Medalla Milagrosa Group
A brief description of the group and then one of the members
The Medalla Milagrosa (Miraculous Medal) group is in its third cycle of the women committee program. They are doing the poverty elimination survey, through which each one will know her actual situation, and accordingly, be able to focus on working.
One of them is Mrs. Paulina, who in her survey showed a poverty level within level one. She is employed, but in order to improve her economy she is undertaking in the sale of cleaning products, which she herself is fabricating and that she wants to begin.
She is asking for this loan to buy inputs to be able to make her cleaning products (such as scents, chemicals and others) so that she can takeoff and have a better income. She is thankful for this opportunity that she is receiving.
El grupo Medalla Milagrosa está en su tercer ciclo del programa de comité de mujeres, ellas están haciendo la encuesta de eliminación de la pobreza, por medio de la cual cada una podrá conocer su situación actual, y conforme a ello poder enfocarse a trabajar.
Una de ellas es la señora Paulina, quien en su encuesta mostró un nivel de pobreza dentro del nivel uno, ella es empleada, pero para poder mejorar su economía está emprendiendo en la venta de productos de limpieza, que ella misma está fabricando y que quiere empezar.
Pide este préstamo para comprar insumos para poder hacer sus productos de limpieza, como ser aromatizantes, químicos y demás, de manera a poder emprender, y tener mejores ingresos. Agradece por esta oportunidad que está 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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