Mujeres Luchadoras 2 Group
One of the group’s members is Andrea, who sells cosmetics. This is how she makes a living and gives her family what they need. She says that thanks to the good quality of the products she has, she has built a good customer base, which results in a better income. Andrea wants to continue working and fighting to grow and continue providing her family with everything they need.
Andrea is requesting a loan to buy all kinds and brands of cosmetics. This way, she will be able to continue selling, she will fulfill all the orders she has and she will continue generating an income for her family.
Una de las integrantes es la Sra. Andrea, quien se dedica a la venta de cosméticos, y con lo que se gana el sustento para dar a su familia lo que necesitan. Cuenta que gracias a que tiene muy buenos productos se ha hecho de muy buena clientela, lo cual la ayuda a tener mejores ingresos. Ella quiere seguir trabajando y luchando para crecer y asi seguir dando a su familia lo que necesitan.
Solicita de este crédito para poder invertirlo en la compra de cosméticos de todas clases y marcas, para que así siga con sus ventas, pueda cumplir con los pedidos que tiene y también pueda seguir generando ingresos para 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