Sandra is one member. She finds herself improving her situation of poverty through the sales of various clothing which she sells door-to-door. She can help her family and loved ones doing this. She is very much a fighter and moreover a hard-worker with a yearning to work and progress. Sandra is requesting a loan to buy a variety of winter clothing, as by doing this she can continue her sales and strive to improve the conditions of her life. She is grateful for this opportunity she is receiving and it will be very useful for her.
Sandra, es parte de este grupo, ella se encuentra mejorando su situación de pobreza, a través de la venta de prendas variadas que ella hace de manera ambulante y con lo cual viene ayudando a su familia y a sus seres queridos. Ella es una persona muy luchadora, y por sobre todo trabajadora, con muchas ansias de trabajar y salir adelante.
La Sra. Sandra solicita de este préstamo para la compra de prendas de invierno variadas, ya que por medio de ello podrá seguir con sus ventas, luchando por mejorar sus condiciones de vida. Agradece por esta oportunidad que está recibiendo y 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