La Esperanza Group
Teresa says that she is proud of what she does, since it is dignified and honest work. She is applying for this loan to buy plastics and aluminum in quantity so that she can resell it, and in this way she will be able to have a greater income. She is grateful for the opportunity that she and her group are receiving.
Teresa está orgullosa de lo que hace, ya que es un trabajo digno y honesto. Ella solicita de este crédito para la compra de plásticos, y aluminio por cantidad para poder revenderlos y de esa forma poder un mayor ingreso. Agradece por la oportunidad que ella y su grupo están 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