La Esperanza Group
Silvina has been married to Jorge for 22 years. They have four adult children who are already independent. She has a small store. Thanks to it, she was able to take care of her children and give them everything they needed. She is asking for support because she wants to expand her business. With this loan, she will buy drinks, milk products, food and other essential items to stock up and meet her clients' demands. Her goal is to have an ice cream parlor.
La sra. Silvina esta casada con el Señor Jorge hace 22 años, tiene 4 hijos mayores de edad, quienes ya son independientes. Ella comenta que tiene una pequeña despensa, gracias a la cual pudo mantener a sus hijos y darle todo para que no pasen por privaciones. Desea poder seguir creciendo y es por ello que pide la ayuda de fundacion paraguaya y de kiva para la compra de bebidas, lácteos, comestibles y demás artículos de primera necesidad, con lo que podrá abastecerse y cumplir con los pedidos de sus clientes. Nos cuenta que su meta es poder tener una tienda para vender helados.
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