Divino Niño Group
Ramona is one of the women and she showed a level one on the poverty scale in the recent survey but is improving her situation through her work and effort. She sells used clothing and also provides cleaning services. She is a very hardworking lady who is helping her family though her work and wants to improve her living conditions.
She is asking for this loan to invest in used clothing to sell. Things are going well for her and she wants to continue to improve her quality of life.
Una de ellas es la Sra. Ramona, quien en su última encuesta mostró un nivel de pobreza dentro del nivel uno. A través del esfuerzo y el trabajo continuo y la aplicaciones de los comportamientos vitales de una mujer exitosa, ella se encuentra mejorando su situación de pobreza. Entre el trabajo que ella hace cuenta que tiene ventas de ropa usada y a la vez es limpiadora, se destaca ella por ser una persona muy sacrificada que con mucho esfuerzo está ayudando a su familia por medio de su trabajo a la vez que quiere ir mejorando sus condiciones de vida.
Pide este préstamo para poder invertirlo en la compra de prendas usadas para la venta, ya que le está yendo muy bien y quiere seguir mejorando sus condiciones de vida.
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