Nueva Esperanza Group
Justa, a member of the group, is 54 years old, single, and has 4 daughters. She has a well supplied store, which supplies the residents of her neighborhood and other areas. Her goal is to expand her business and to make it more comfortable for her customers.
She is asking for a loan in order to buy baked goods, dairy, fruits, vegetables and other items with which she can stock up and fulfill the needs of her customers.
La Sra Justa integrante del comité es comerciante tiene 54 años, es soltera, tiene 4 hijas. Ella tiene una despensa bien surtida, con la cual abastece a sus vecinos del barrio y de otras zonas. Su meta es ir agrandando su negocio y darle mejor comodidad a sus clientes.
Ella solicita el crédito para la compra de panificados, lácteos, frutas, verduras etc. Con lo cual podrá abastecerse y cumplir con 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