One of the members is Gregoria, who crochets and does embroidery to earn an income to support her family. She says that life is difficult, but she works hard because she doesn’t want her family to suffer any of the hardships that she had to endure.
She is requesting the loan to invest in needle and thread, which she can use to continue doing embroidery and earning the income they need.
Una de las integrantes es la Sra. Gregoria quien hace crochet, bordados, y con ello tiene el ingreso para tratar de ayudar a su familia. Cuenta que la vida esta difícil, pero que se esfuerza, ya que no quiere que su familia pase privaciones como las que ella tuvo que pasar.
Solicita de este crédito para poder invertirlo en la compra de hilos y agujas, y con ello poder seguir haciendo los bordados y teniendo los ingresos que necesitan.
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
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Success!! The loan was 100% repaid