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Aug 24, 2016 10:02 EST

Paraguay: Virgen Del Carmen Group – A loan of $4,925 helps a member to buy various clothing to sell, such as jeans, shirts, pants, blouses, dresses, coats, and other various clothing.

iCrowdNewswire - Aug 24, 2016

Virgen Del Carmen Group

Paraguay
 
 
Borrower image
 

Virgen Del Carmen Group’s story

The group is part of the program to eliminate poverty, which will allow them to be able to become qualified, to work together, and to help each other to be able to improve their living conditions and overcome their poverty situation.

One of the members in the señora Rosa who, in her quest to eliminate poverty, is part of the poverty level of level 1. What that means is that she has to strive more to improve her living conditions, which she has been doing through striving and the work continues. And through the sales of clothing that she does, and with that also, she earns a living in a dignified and honest way.

She is requesting this loan to be able to invest it in the purchase of various clothing to sell, such as jeans, shirts, pants, blouses, dresses, coats, and other various items. She is grateful for the opportunity to be able to improve and grow.

In this group: Maria, Febronia, Marcelina, Vielva, Lis, Gilda, Maria, Adelaida, Maura, Bibiana, Lilian, Ramona, Claudia, Mirtha, Marciana, Cecilia, Jorgelina, Florinda, Cinthia, Antonia
*not pictured 

Translator profile picture

Translated from Spanish by Kiva volunteer Lara Roy View original language description 

This loan is special because:

It is accompanied by an industry-leading, poverty-elimination program.
 

Jon
Kiva staff 

More 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 canread this article on Fundación Paraguaya’s website.

About Fundación Paraguaya:

Fundación 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.

A loan of $4,925 helps a member to buy various clothing to sell, such as jeans, shirts, pants, blouses, dresses, coats, and other various clothing.

Contact Information:

Virgen Del Carmen Group

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