Nueva Esperanza Group
One of the members is María, a very hardworking and enterprising person who works exclusively as a mobile salesperson and as an animal farmer. She comments that, with her struggle day in and day out, she also grows fruits and vegetables, and she is aware that this work she is doing and the effort she is making must be constant in order to achieve the progress she longs for.
She is requesting this loan to invest in the purchase of balanced feed for her animals, so that in this way she can continue with her work, fighting to get ahead and help her family.
Una de las integrantes es la Sra. María, una persona muy trabajadora y emprendedora que se dedica exclusivamente al macate (venta de forma ambulante) y también en la cría de animales. Ella comenta que con la lucha constante del día a día también se dedica a los cultivos de frutas y verduras consciente de que este trabajo y esfuerzo que está haciendo debe ser constante para lograr el progreso que anhela alcanzar.
Ella pide este préstamo para poder invertirlo en la compra de balanceados para sus animales, ya que de esa forma podrá seguir con su trabajo, luchando por salir adelante y ayudar a su familia.
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