Nueva Esperanza Group
One of the group members is Elvira who sells pork. Thanks to this work she’s been able to help her family cover expenses that arise daily at home. She tells us that her goal is to continue working in order to continue to support her family.
She is asking for the loan to buy pork to have better stock to offer her customers.
Una de las miembros es la señora Elvira, quien se dedica a la venta de carne de cerdo y es gracias a este trabajo que ella ha podido ayudar a su familia y cubrir los gastos que día a día surgen en la casa. Ella nos dice que su meta es seguir trabajando y de esa forma poder seguir manteniendo a su familia.
Ella solicita el crédito para la compra de carne, y de esa forma poder estar abastecida para poder tener más stock para poder ofrecer a 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