Nueva Esperanza Group
Cynthia is a group member and says that thanks to the food she sells, she has been able to help her family. She says she has a talent for cooking, and this is why it's going very well. Her goal is to be able to someday have a bar where she can serve her customers more conveniently.
She is applying for the loan to buy ingredients she needs to continue preparing the food she sells, such as baked goods, vegetables, seasonings and other things. She is thankful to the Foundation for the opportunity she is receiving.
Cynthia es miembro del grupo y comenta que gracias a las ventas de comidas que hace ha podido ayudar a su familia. Ella comenta que tiene muy buena mano para la comida, es por ello que le va muy bien. Su meta es poder tener algún día un bar donde pueda atender con mayor comodidad a sus clientes.
Ella solicita el crédito para la compra de insumos que necesita para seguir preparando los alimentos que vende, como ser panificados, verduras, aderezos y demás. Agradece a la fundación y a kiva por la oportunidad que está recibiendo.
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