Jovenes Emprendedores Group
Karina is one of the members and is the chair of the group. She sells food with her mom and also goes to school. Through her effort to succeed, she has managed to improve her quality of life. With her income from her street vending, she has paid for her expenses and her studies.
She receives on-going assistance, attends the group meetings, works supportively with her co-members, and maintains a good payment record with her group. They have the hope of someday being successful professionals.
Karen is requesting this loan to increase her sales, as she needs meat, vegetables, flour, eggs and other items to enable her to keep making and selling her meals.
Karina es una de las integrantes, ella es presidenta la presidenta del grupo se dedica a la venta de comidas conjuntamente con su mama, y también estudia. Por medio de su esfuerzo por salir adelante ella logró mejorar su calidad de vida. Ella tiene con su ingreso de su venta ambulante , solventa su gasto y su estudio , recibe asistencia permanente , asiste a reuniones de su comité, trabaja solidariamente con sus compañeros y mantiene buen pago con su grupo. Tienen la esperanza de ser el día de mañana grandes profesionales.
Karina solicita este crédito para aumentar su venta, ya que necesita carne, verduras, harina, huevo y demás, con lo que podrá seguir haciendo sus comidas y vendiendo.
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