Nueva Esperanza Group
Señora Petrona is the president of the group. She sells beauty products, and in her free time she works at the confectionery and sells throughout the neighboring zones. Her desire is to continue working and in this way be able to continue helping her family with the day to day expenses.
She is applying for the loan to purchase beauty products such as lipstick, powders, makeup, bases, and other types, with which she will be able to stock up and fill the orders that she has.
La sra Petrona, es Presidenta del grupo, ella se dedica a vender productos de belleza, y en su tiempo libre se dedica a la repostería y vende por la zonas alrededores. Su deseo es seguir trabajando y de esa forma poder seguir ayudando a su familia con los gastos del día a día de su familia.
Ella solicita el crédito para la compra de productos de belleza, como ser labiales, polvos, maquillajes, bases y demás tipos, con los cuales podrá surtirse y cumplir con unos pedidos que tiene.
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