Madres Trabajadoras Group
One member who is worthy of mention is Sra. Maria, the group president. She is an outstanding individual who is in charge of motivating her fellow group members to move forward and improve each day. Maria spends her time selling empanadas of all kinds and is doing very well. She has a very good customer base.
Maria is requesting a loan in order to buy supplies needed to continue making empanadas such as meat, vegetables, condiments, and other ingredients. This will allow her to continue her sales and grow her income.
Una integrante digna de comentar es la Sra. Maria, quien es la presidenta del grupo, ella es una persona sobresaliente en su cargo, motiva a sus compañeras a seguir y mejorar cada día. Ella por su parte se dedica a la venta de empanadas de todas clases, y cuenta que le va muy bien, ya que tiene muy buena clientela.
Esta solicitando el crédito para la compra de insumos para poder seguir haciendo sus empanadas, como ser carnes, verduras, condimentos y demás, y de esa forma seguir con sus ventas y creciendo en sus 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