Mujeres Unidas Group
One of the members is Señora Marcelina who makes a living selling food of all kinds and says that she already has good customers, which she has formed with much sacrifice and effort. Marcelina hopes that over time she will be able to have a large place that has greater comfort for her customers, which will also help her to get higher profits.
She asks for this loan so that she can invest in the purchase of vegetables, meat, seasoning, and other ingredients to continue making the food that she sells and thus also continue pleasing her customers.
Una de las integrantes es la Sra. Marcelina, quien se dedica a la venta de comidas de todo tipo, y comenta que ya tiene muy buena clientela, que se ha formado con mucho sacrificio y esfuerzo. Marcelina desea que con el tiempo pueda tener un puesto grande donde poder tener una mejor comodidad para sus clientes y también eso le va a ayudar a tener mayores ganancias.
Solicita de este crédito para poder invertirlo en la compra de verduras, carne, condimentos y demás insumos para poder seguir haciendo las comidas que vende y así también poder seguir deleitando a 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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Success!! The loan was 100% repaid