One of the members is Lidia who, in her last survey, showed a level two of poverty. She mentions that she is in a middle level from which, through her efforts and continuous work selling clothes, she is getting ahead. She is a hard-working person who wants to move forward through her work and sacrifice. She is requesting this loan to be able to buy an assortment of clothes to sell such as shirts, pants, jeans, and the like.
They are all grateful for the aid they are receiving.
Una de las integrantes es la Sra. Lidia, quien en su última encuesta mostró un nivel de pobreza dentro del nivel dos, comenta que está en un nivel medio, donde a través del esfuerzo y el trabajo continuo en la venta de ropas es que está saliendo adelante. Ella es una persona muy trabajadora que quiere salir adelante por medio de su trabajo y sacrificio.
Pide este préstamo para poder comprar ropas variadas para la venta, como ser camisas, pantalones, jeans y demás. Todas ellas agradecen por la ayuda que están 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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