Nueva Esperanza Group
Petrona sells milk. Through this work she’s able to cover her expenses. She states that the work is very demanding because she must rise very early to deliver the dairy products because her customers so require.
She asks for the loan to buy more dairy products in order to continue to meet customer demand.
La Sra. Petrona, se dedica a la venta de leche, por medio de este trabajo ella puede solventar todos los gastos que tiene. Manifiesta que su trabajo es muy sacrificado ya que se levanta a muy tempranas horas para repartir los lácteos, ya que los clientes se lo demandan.
Ella solicita el credito para la compra de mas lácteos, con lo cual podrá asegurar el cumplimiento de las demandas de sus clientes.
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