Mujeres Unidas Group
Graciela is a member of this group and she tells us that she makes a living selling all types of clothes. This works provides her with an income with which to help her family. Graciela says that, through her efforts and sacrifice, she has improved and expanded her business a lot. Graciela is fighting for her dream of having a clothes shop.
Graciela is applying for a loan in order to buy various types of clothing, which will help her to realise her business plan. This will allow Graciela to increase her income. Graciela is grateful for the support she is receiving - it will be a great help to her.
La Sra. Graciela es parte de este grupo, quien comenta que entre el trabajo que ella hace se dedica a la venta de ropas, de todo tipo, con lo cual tiene los ingresos para poder ayudar a su familia. Dice que por medio de su esfuerzo y sacrificio pudo mejorar y crecer bastante. Su sueño es poder tener una tienda de ropas, y es por eso que viene luchando.
Graciela solicita de este crédito para la compra de ropas de variadas clases, lo que le ayudará a concretar su plan de negocio, el cual le ayudará a mejorar sus ingresos, además agradece por la ayuda que está recibiendo, que le será de mucha ayuda.
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