La Esperanza Group
Ms. Catalina G., one of the members, works selling silver jewelery and requests the loan to purchase earrings, necklaces, and rings for resale.
Catalina is a homemaker and in her free time she works selling silver jewelery. She goes out to offer her jewelery in the houses of her friends who acquire her products on credit or for cash. She comments that the sale of jewelery provides a good income and helps pay some of the household expenses.
Thanks to the Foundation and to Kiva for the credit assistance provided to the women of limited resources.
La señora Catalina G. una de las integrante se dedica a la venta de bijouterie (joyas de plata) y solicita el crédito para la compra de aros, gargantilla, anillos para su reventa.
Catalina es ama de casa y en sus tiempos libres se dedica a la venta de joyas de plata, ella sale a ofrecer sus joyas por las casa de amigas especialmente, quienes adquieren sus productos a crédito y al contado. Ella comenta que la venta de joyas deja un buen ingreso y ayuda para algunos gastos de las casa.
Agradece a la Fundación y a KIVA por la ayuda crediticia que le brinda a las mujeres de escasos recursos.
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