Nueva Esperanza Group
Lucina, 33, is a merchant with a small but well-stocked store. She has two children, ages 13 and 10, who are in school. She tells us that her children are her reason for being and that they motivate her to keep fighting. She has many sales orders, which is why she asks for a loan to be able to complete those orders.
Lucina asks for a loan to buy corn, pasta, sugar, flour and other products to stock her store and meet her customers' demand.
La Sra Lucina, tiene 33 años, es comerciante, tiene una pequeña despensa bien surtida. Tiene 2 hijos uno tiene 13 años y la otra 10 años ambos están estudiando aun en la escuela. Ella nos comenta que sus hijos son su razón de ser y que ellos siempre la motivan a seguir luchando. Cuenta que tiene muchas ventas y pedidos por lo que solicita el crédito para poder cumplir con los pedidos.
La Sra Lucina pide el crédito para la compra de maíz, fideos, azúcar, harina, y demás productos, los cuales le servirán para abastecerse y cumplir con la demanda de sus clientes.
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