Nueva Esperanza Group
Petrona is the president of the group. With previous loans she renovated her house to install a snack bar. Since then her business has grown due to the effort and determination she has put into it. Her wish is to continue working with the foundation, because with her previous loans she was able to open her snack bar and help her children finish secondary school and study in university.
She is requesting this loan to buy supplies for her snack bar, such as drinks, greens, condiments, baked goods, vegetables and others.
La Sra Petrona, es Presidenta del grupo ella habilito un bar en su casa de los préstamos que le otorgo, hoy día su negocio ha crecido debido al empeño que le puso. Su deseo es seguir trabajando con la fundación ya que el crédito le ha servido de mucho, para la apertura de su bar y para que sus hijos hayan podido terminar su colegio y siga una carrera.
Solicita de este crédito para la compra de insumos para su bar, como ser bebidas, verduras, condimentos, panificados, hortalizas y demás.
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