Teco Joaju Group
One of these young persons is Liliana, who is 15 years old and says that she wants to open a canteen at home, knowing that the neighborhood lacks such a business. Besides, there is a volleyball court close to her house, which means sales potential and an income for her family. Liliana is a young woman that comes from an honorable and hardworking family, and that wants to follow her parents’ example and help them.
Liliana is requesting a loan to buy food and beverages to sell. In the picture, the young entrepreneurs are accompanied by their parents.
Uno de estos jóvenes es Liliana, quien tiene 15 años , cuenta que está queriendo Poner cantina en su casa ya que no hay algo similar en su Barrio y en los alrededores de su casa hay una cancha de vóley donde hay mucho potencial para vender y asi poder tener más ingreso para la casa. Ella es una joven de muy buena familia, todos son muy trabajadores, y quiere poder seguir el ejemplo que sus papas le dieron, y de esa forma poder ayudarles.
Liliana pide este crédito para poder comprar comestibles y bebidas para vender.
En la foto del grupo se encuentran los jóvenes emprendedores y sus padres.
More information about this loan
This loan is designed for young people aged 15 to 25 whose families are living in poverty and who wish to start a new business or improve an existing business. As part of its Youth Entrepreneurship program, Fundación Paraguaya’s staff members offer mentorship, as well as training courses and workshops in finance and business administration. Borrowers also receive standard benefits like health coverage and life insurance. This type of loan is not offered by most other financial institutions in Paraguay. Young borrowers are often considered to be too risky because they lack prior credit history or business experience.
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