En Progreso Group
Nanci is the group’s president, is very enthusiastic, and always puts forth her best effort in her work, a beauty salon which she is constantly improving. Now she has a good location where she can serve her customers. Her dream is to set up a larger area and also provide jobs for others.
She is asking for this loan to buy cosmetics so she can increase her inventory or products and continue to improve her income.
Nanci es la presidenta de este grupo, quien es muy entusiasta y siempre pone su mejor esfuerzo en el trabajo que tiene, el cual es una peluquería que con mucho esfuerzo ha ido mejorando y hoy ya tiene un buen lugar donde dar el servicio a sus clientes. Su sueño es poder tener un local más grande y también poder dar trabajo a otras personas.
Pide este préstamo para la compra de cosméticos, con lo cual podrá aumentar más la cantidad de cosas que ofrece en su salón para seguir mejorando 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
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Success!! The loan was 100% repaid