Nuevo Amanecer Group
All of the participants in the committee are mothers that dedicate themselves to various activities with the goal of strengthening the household economy and developing a way of sustainable business.
1 Elsa C. - Ice cream sales
2 Irma R. - Dressmaker
3 Maria R. - Detergent sales
4 Beatriz C. - Manicurist
5 Marylina A. - Dressmaker
6 Daniela Benitez - Convenience store
7 Maria Graciela H. - General store
8 Lucinda R. - Dressmaker
9 Maria Noemi C. - Fruit sales
10 Adolfina C. - Coal sales
11 Nelida V. O. - Beverage sales
12 Margarita M. - Food sales
13 Ursulina G. - Coal sales
14 Luz Maria B. - Food sales
15 Maria M. - Recycling and plastic sales
16 Nidia S. - Hardware store
17 Hermelinda B. - Beverage sales
18 Adriana G. - Clothing sales
19 Francisca C. -Clothing sales
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