La Esperanza Group
Jacinta is requesting this loan through Kiva to buy the supplies she needs to prepare her meals (baked goods, meat, condiments, cereals, noodles, rice, etc.) as these food products are necessary in order to meet her customers' needs and to help herself and her family climb out of the poverty in which they currently live.
La sra. Jacinta solicita el préstamo de los inversionistas mediante Kiva, para la compra de los insumos necesarios para preparar comidas (panificados, carnes, condimentos, cereales, fideos, arroz, etc.), pues solo proveyéndose de comestibles podrá satisfacer las necesidades de sus clientes y ayudar a su familia y a ella misma a superar la pobreza en la que viven.
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