Kuña Aty Group
One of the members is Virginia who showed a level one on her last poverty level questionnaire, which means she should work a little more. Through her effort and continued work selling fruit she is struggling to improve her living conditions and help her family. Through training and hard work she says her situation is improving.
The loan she is requesting is to buy a variety of fruits such as apples, bananas, oranges and other fruit so she can continue her work. She is grateful for this opportunity so the group can continue its struggle to improve.
Una de las integrantes es la Sra. Virginia quien en su última encuesta mostró un nivel de pobreza dentro del nivel uno, lo quiere decir que debe esforzarse un poco más, ella a través del esfuerzo y el trabajo continuo y por medio de la venta de frutas que hace está luchando por mejorar sus condiciones de vida y ayuda a su familia. Comenta que a través de las capacitaciones y su arduo trabajo viene mejorando.
Pide este préstamo para poder invertirlo en la compra de frutas varias, como ser manzanas, bananas, naranjas y demás frutas para poder seguir trabajando. Agradece por esta oportunidad que están recibiendo de seguir luchando por mejorar.
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