Mujeres Unidas Group
Sara is one of the members, and she was within level one poverty stage in the last survey. She says that among the work that she does is selling drinks and a volleyball court. It also should be noted that she is a very hard-working person. She has always put forth great effort in order to give her family everything that she was not able to have.
She is requesting this loan in order to be able to invest in her business. This way she will have more drinks to offer her customers, and she will also have better income.
Una de ellas es la Sra. Sara, quien en su última encuesta mostro un nivel de pobreza dentro del nivel uno. Entre el trabajo que ella hace cuenta que tiene venta de bebidas y cancha de vóley, también se debe destacar que ella es una persona muy trabajadora y que siempre se ha esforzado por dar a su familia todo lo que ella no pudo tener.
Solicita de este crédito para poder invertirlo en su negocio, y de esa forma tener más bebidas que poder ofrecer a sus clientes y también tener mejores ingresos.
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