Los Angeles Group
Aureliana is a very hardworking person. She works as a street vendor selling assorted clothing. Her work allows her to give her family what they need, so that they don't have to suffer any hardship. She is a very lively and driven person who is eager to be able to keep growing and helping her loved ones.
She is requesting this loan so that she can invest in purchasing winter clothing, since the cold weather is approaching and she wants to be well-stocked and have a variety of items to offer her customers. She is grateful for the opportunity she is getting because it will allow her to grow.
Una persona muy trabajadora es Aureliana que se dedica a vender prendas variadas de forma ambulante. Por medio de este trabajo está dando a su familia lo que necesitan y que no tengan que pasar por ningún tipo de necesidades. Ella es una persona muy animosa y trabajadora que tiene muchas ganas de poder seguir creciendo y ayudando a sus seres queridos.
Pide este préstamo para poder invertirlo en la compra de ropas de invierno, ya que se acerca el frio y con ello quiere poder surtirse y tener una buena variedad que poder ofrecer a sus clientes. Está agradecida por la oportunidad que recibe y que le permitirá crecer
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