Nuevo Horizonte Group
Juliana is chairperson of the group, and tells us that she sells fruits and vegetables. She has a small stand in her home, that is very popular with all her friends and neighbors.
Her dream is to be able to expand her small business, and this way have greater income for her family. She is applying for the loan in order to buy fruits and vegetables, which will enable her to stock her business, and offer variety to her customers.
Ls Sra. Juliana es la presidenta del grupo y ella nos comenta que se dedica a la venta de frutas y verduras, tiene un pequeño puesto en su casa, el cual es muy concurrido por todos sus amigos y vecinos. Su sueño es poder ampliar su pequeño negocio y de esa forma tener un mayor ingreso para su familia.
Solicita el crédito para la compra de frutas y verduras, con lo cual podrá surtir su negocio y ofrecer la misma variedad a 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