Nueva Esperanza Group
Sully is requesting a loan to purchase a variety of plants to sell, such as roses, orchids, and daisies. Through her hard work she hopes to contribute financially to her family's wellbeing.
Although this is the group's first loan request, all the women have responsibly repaid previous loans, according to their credit history and references. They hope to receive the support of Kiva and Fundación Paraguaya.
La Sra. Sully solicita el crédito para la adquisición de plantas en sus variedades, rosas, orquídeas, margaritas, etc. y destinarlos a la reventa, de esta forma espera poder brindar una ayuda económica a su familia, con el fruto de su sacrificio.
Si bien este es el primer crédito que solicitan, todas son mujeres muy responsables en sus pagos según las referencias y los antecedentes crediticios que poseen, por eso esperan contar con el apoyo de Kiva y Fundación Paraguaya.
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