Nuevo Horizonte Group
Iris, a seamstress, is one of the members of the group. Thanks to this work she has been able to help with the family expenses. She wants her family to live a decent and proper life without experiencing the limitations that she endured. She says that she wants a place where she can sell garments to her customers.
She is requesting the loan to buy seasonal clothing for later sale. She now has a lot of customer orders that she would like to fill. She is very hopeful about the loan because receiving it will be a big help.
Una de las integrantes del grupo es la Señora Iris se dedica a la costura, ella gracias a esta labor ha podido ayudar en los gastos de la familia. Desea que sus parientes vivan una vida digna y decorosa, sin las limitaciones por las que ellas tuvo que pasar. Comenta que desea tener un local donde pueda ofrecer a sus clientes las prendas que ella vende.
Ella solicita el crédito para la compra de prendas de estación para la posterior venta, ya que tiene muchos pedidos de sus clientes con los que le gustaría cumplir. Está muy esperanzada en el crédito, pues de obtenerlo le será de mucha ayuda.
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