Nueva Esperanza Group
One of the stories worth telling is that of Mrs. Angelina. She is 57 years old and has worked exclusively in weaving all kinds of crafts for 30 years. She says that this has been her sustenance and that of her whole family. She is a very hardworking and honest person above all, and she has always worked.
Mrs. Angelina is applying for this loan to be able to invest it in buying yarn, needles, fabric, and other supplies to continue with her crafts and be able to show the world her creativity.
Una de las historias dignas de destacar es el de la señora Angelina de 57 años de edad que desde hace 30 años aproximadamente se dedica exclusivamente a tejer todo tipo artesania y cuenta que este ha sido su sustento y el de toda su familia. Ella es una persona muy trabajadora y por sobre todo honesta, que desde siempre ha trabajo.
Hoy solicita de este crédito para poder invertirlo en la compra de hilos, agujas, telas y demás para poder seguir con sus artesanías, y así mostrar al mundo de esa forma toda su creatividad.
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