San Francisco Group
One of the members is Sra. Graciela. She sells cheese, milk, and eggs from her home and also as a street merchant. Graciela says that her work is very humbling, but it allows her to provide everything her family needs so that they are not deprived. She is requesting a loan in order to buy milk and cheese that she can sell. This will allow her to continue working in the same manner as always.
Graciela is grateful for the opportunity she has received so that she can continue working and striving.
Ella se dedica a la venta de queso, leche y huevo, que hace desde su casa y también de manera ambulante, y comenta que aunque su trabajo es muy humilde, con esto da a su familia todo lo que no pudo tener. Pide este préstamo ya que quiere poder comprar leche y queso para la venta, y de esa forma poder seguir trabajando como lo viene haciendo.
Ella agradece por la oportunidad que recibe, de seguir trabajando y luchando.
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