One of the members is Patricia, who is a seamstress. She is very good at what she does and has developed a very good clientele. She is rather well-known in the neighborhood. She is working hard to be able to improve her and her family's living conditions. She seeks this loan to be able to buy fabric, thread, buttons, zippers, etc. and in this way be able to continue making clothing to meet her customer's orders.
Una de las integrantes es la Sra. Patricia, quien se dedica a la costura, es muy buena en lo que hace ya que se hizo ya de muy buena clientela., y es bastante conocida en el barrio. Esta trabajado arduamente para poder ir mejorando sus condiciones de vida y la de su familia.
La Sra. Solicita de este préstamo para poder comprar telas, hilos, botones, cierres, etc., ya que de esa forma podrá seguir con sus confecciones cumpliendo con la demanda de sus clientes.
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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