Jovenes En Accion Group
One of the stories that stands out is Luz's. She's 16 years old and has worked as a street vendor for two years. She and her mother travel every weekend to Ciudad del Este, where they go around the city on foot together to sell their products.
She wants to have a space in the future so she doesn't have to travel many kilometers to have a better income.
She's requesting this loan to be able to invest in buying clothing and shoes to sell and continue with her goal.
Una de las historias que se destaca es el de Luz con 16 años de edad quien se dedica a la venta ambulante desde hace 2 años, ella en compañia de su madre viaja todos los fines de semana a Ciudad del Este en donde recorre a pie la ciudad y sus compañias con sus productos para la venta. Ella quiere el día de mañana poder tener un local y no tener que recorrer kilómetros para tener un mejor ingreso.
Solicita de este crédito para poder invertirlo en la compra de ropas y zapatos para que ella pueda venderlos y seguir con su meta.
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