Nuevo Horizonte Group
Sra. Graciela is one of the members. She engages in several activities, such as preparing food and selling clothes on the weekends. Graciela is a single mother who supports her children through her work. In a few words, one could say that she is an example for the other members. Sra. Graciela strives on behalf of her children because she wants to give them everything that she did not have. One day she hopes that they will become good people.
Graciela is requesting a loan so that she can buy articles of clothing to sell. This will enable her to continue working and moving forward. She is very grateful for the opportunity that she has received since it will help her to grow.
La Sra. Graciela lucha por sus hijos, ya que quiere darles todo lo que ella no pudo tener, y que el día de mañana sean personas de bien.
Solicita de este crédito para poder comprar prendas, las cuales venderá y seguirá trabajando y saliendo adelante. Esta muy agradecida por esta oportunidad que recibe, que le ayudara a poder crecer.
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