Nuevo Horizonte Group
Maria Cresencia sells charcoal. She says that her business is doing much better each time because her sales increase as the price of charcoal goes lower. Maria Cresencia is an enterprising individual who always strives to move forward and help her family members. She is requesting a loan in order to buy charcoal so that she can complete her customers’ orders and stock her business.
Maria Cresencia is grateful for this wonderful opportunity that her group has received. Not only will the members benefit, but their families will also enjoy the results.
Maria Cresencia vende carbón, y ella comenta que cada vez le está yendo mejor, pues la venta de carbón cada vez sube más, ya que es más barata. Maria Cresencia es una persona muy emprendedora, que desde siempre se ha esforzado por salir adelante y ayudar a los suyos.
Solicita de este crédito para la compra de carbón, con lo cual podrá seguir cumpliendo con los pedidos de sus clientes y teniendo surtido su negocio. Ella agradece por la gran oportunidad que estan recibiendo pues no solo ellas se ven beneficiadas, sino también sus familias.
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