Kuña Aty Group
One of the members is Señora Constancia, who in the latest survey demonstrated a level of poverty within the first level. But through her effort and by means of the sales of beauty products that she makes, in addition to the sale of plastics, she is making progress and helping her family with the income that she is obtaining with her sacrifice. She is a very hard-working person who wants to continue receiving training to be able to improve her life.
With the loan, Señora Constancia wants to buy various beauty products to be able to continue with her sales, improving her business plan.
Una de las integrantes es la Sra. Constancia quien en su última encuesta mostró un nivel de pobreza dentro del nivel uno, pero ella a través de su esfuerzo y por medio de la venta de productos de belleza que hace, sumado también a la venta de plásticos está saliendo adelante y ayudando a su familia con los ingresos que con sacrificio está obteniendo. Ella es una persona muy luchadora que quiere seguir capacitándose para poder mejorar su vida.
La Sra. Constancia con préstamo quiere comprar productos de bellezas variados para poder seguir con sus ventas, mejorando su plan de negocios.
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