Mujeres Del Este Group
Evangelista is one of the members of this group. She is hardworking and has a strong desire to grow and succeed. Her goal is to continue helping her family and grow with her business. She is grateful for this opportunity she is getting so that she can continue to grow and continue selling her perfumes.
She is requesting this loan to buy more fragrances in order to sell them, and thus continue to grow her microenterprise and helping her family.
Evangelista es una de las integrantes de este grupo, ella es muy trabajadora, y tiene muchas ansias de crecer y salir adelante. Su meta es poder seguir ayudando a su familia e ir creciendo con su emprendimiento. Ella está muy agradecida por esta oportunidad que está recibiendo que le permitirá seguir creciendo y continuar con las ventas de perfumes que hace.
Solicita de este crédito para poder comprar más fragancias para poder venderlo, y de esa forma seguir creciendo con su microemprendimiento y 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