Nueva Vida Group
Elida is the president of the group and she says that she has contacted her friends and neighbors in order to form the Committee. She has 6 children and it is for them she daily sacrifices herself. She sells meals and she is requesting a loan to buy meat, vegetables, dressings and other ingredients to keep on preparing the meals she sells.
La Sra. Elida es la presidenta, y cuenta que ella contacto con sus amigas y vecinas para formar el comité. Ella tiene 6 hijos, y es por ellos que día a día se sacrifica. Vende comidas y solicita el crédito para la compra de carnes, verduras, condimentos y demás insumos para poder seguir haciendo las comidas que vende.
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