Caaguazu Poty Group
One of the members of the group is Catalina, who works selling vegetables from her small stand. She says the group has helped her very much, and that the training and supervision that is given is very good. Catalina has a very entrepreneurial spirit, and with a lot of effort she is getting ahead. She wants to continue investing and working like she has been doing.
She is requesting this loan to buy various vegetables such as peppers, tomatoes, onions and others. In this way she will continue selling and have the income she needs for her family’s day-to-day expenses.
Una de las integrantes es la Sra. Catalina, quien se dedica a la venta de verduras en su pequeño puesto. Ella cuenta que su grupo la ha ayudado mucho y que también las capacitaciones y el seguimiento que se les hace es muy bueno. Catalina es muy emprendedora, y con mucho esfuerzo está saliendo adelante y quiere seguir invirtiendo y trabajando como lo viene haciendo.
Solicita de este crédito para la compra de variadas verduras, como ser locotes, tomates, cebollas, y demás, y de esa forma seguir con sus ventas y teniendo los ingresos que necesita para el día a día de su familia.
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