Nuevo Horizonte Group
Desde el primer fin de semana de su conformación las integrantes están realizando actividades de tal forma a cancelar correctamente el crédito que obtuvieron. Están muy contentas ante la posibilidad de organizarse y progresar de manera comunitaria.
Las señoras que integran este comité se dedican a la venta de comidas en el barrio.
En promedio reciben cada una 1,000,000 Gs., el cual será invertido en la compra de artículos que posteriormente serán vendidos en sus respectivas actividades comerciales.
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