Mujeres Unidas Group
On of the group's members is Nelida, who has a well-stocked small grocery store in her home, which she has been building up through a lot of hard work. She tells us that in the beginning it was very hard for her, but that she has been making progress and now she has a very good clientele.
She is requesting this loan to buy various supplies for her small grocery store, such as meat, drinks, dairy products, baked goods, and more, and thereby maintain her sales as she has been. She is thankful for the help she is receiving, as it will be very helpful to her.
Una de las integrantes es la Sra. Nelida, quien tiene una despensa bien surtida en su casa, la cual con mucho esfuerzo ha ido formando. Comenta que al principio le fue muy difícil, pero que se fue abriendo camino y hoy ya tiene muy buena clientela.
Pide este préstamo para poder comprar insumos varios para su despensa, como ser carne, bebidas, lácteos, panificados y demás, y así seguir con sus ventas como lo vine haciendo. Agradece por esta ayuda que recibe 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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