Maria is a hardworking individual who has demonstrated a great interest in getting ahead and receiving training. This will allow her to improve and provide better service to her customers. Maria is a dressmaker and says that her work enables her to move her family forward and provide them with everything they need without having to feel deprived.
Maria is requesting a loan so that she can invest in the purchase of fabrics and thread. This will allow her to continue working and fulfilling orders from her customers, thereby meeting demand.
Maria es una persona muy trabajadora, demuestra un gran interés por salir adelante y capacitarse, ya que de esa forma podrá ir mejorando también el servicio que ofrece a sus clientes, ella es modista y comenta que gracias a ello puede sacar adelante a su familia y darles todo lo que necesitan y que no tengan que pasar por privaciones.
Ella solicita de este crédito para poder invertirlo en la compra de telas e hilos, con lo que podrá seguir trabajando y cumpliendo con la demanda y pedidos de 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