Nueva Esperanza Group
One of the members is Francisca C., who sells medicinal herbs in the market area of the city in the mornings. In the afternoons she visits businesses to offer her natural medicines.
She is requesting a loan to invest in the purchase of natural medicines to cover all of her orders.
Una de las integrantes es la señora Francisca C. quien se dedica a la venta de hiervas medicinales en la zona del mercado de la ciudad por la mañana por la tarde recorre varios negocios para ofrecer sus medinas naturales.
Ella solicitó el préstamo para invertir en la compra de mas medicinas naturales así podrá cubrir todos los pedidos que tiene
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