Nueva Esperanza Group
One of the members, Mrs. Cinthia, sells food and says her products are popular because she has a knack for cooking. Thanks to her work she has been able to help her family get ahead.
She is requesting a loan through the foundation to buy flour, eggs, salt, ham, and cheese which are the essential ingredients for the food she prepares.
Una de ellas es la señora Cinthia, ella se dedica a la venta de comestibles, comenta que sus alimentos se venden mucho, pues tiene muy buenas manos para la cocina. Gracias a este trabajo ella ha logrado salir adelante y ayudar a su familia.
Ella solicita la ayuda de la fundación para la compra de harina, huevos, sal, jamón, queso, los cuales son ingredientes esenciales para los alimentos que prepara.
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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