Nuevo Horizonte Group
This is a group which is working to get ahead in a very responsible way. Each one of its members has her own business activity.
Mrs Graciela R. is one of the members. She works in a number of activities such as, for example, selling food and also clothes on a weekend. She is a single mother who supports her children through her work. She is a very hard-working woman who works hard every day to get her family ahead in life. She is requesting this loan to buy supplies for making her food and also clothes for the coming season.
Es un grupo que se encuentra trabajando para salir delante de manera muy responsable, cada una de las integrantes tienen sus actividades en donde trabajan.
La Sra. Graciela R. es una de las integrantes, es una persona que se dedica a varias actividades como por ejemplo, venta de comidas, de ropa los fines de semana.
Ella es una madre soltera que mantiene a sus hijos con su trabajo. Es una mujer muy trabajadora, que lucha día a día para sacar adelante a su familia, solicita el préstamo para la compra de insumos para sus comestibles y también ropas para la temporada que entra.
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