San Francisco Group
Limpia is one of the women in the group. She has a modest hairdressing business. She works there every day and serves her customers well. She says that she started small, but over time she gained ground and now she has a strong customer base who use her service regularly and are very loyal to her salon.
Limpia’s goal is to continue working, as she has done until now. For this reason she is requesting this loan, in order to invest in the purchase of shampoo, rinses, sprays, dyes and other supplies. This will enable her to keep providing her customers with a good service.
The loan will also help her to invest more in her work so that she can improve her income and keep helping her family.
Limpia es una de estas mujeres, quien cuenta que tiene una modesta peluquería, en la que trabaja todos los días atendiendo de una buena manera a sus clientes. Comenta que empezó tímidamente, pero que después fue ganando terreno y hoy en día ya tiene una clientela bien formada, que siempre va junto a ella y son muy fieles a su salón. La meta de Limpia es seguir trabajando como lo viene haciendo, y es por eso que solicita de este crédito para poder invertirlo en la compra de shampoo, enjuagues, spray, tintes, y demás insumos para poder seguir dando un buen servicio a sus clientes.
Este crédito también la ayudará a invertir en su trabajo y de esa forma tener mejores ingresos para poder seguir ayudando a 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