Nueva Esperanza Group
Petrona is the president of this group. She used loans from Fundación Paraguaya to set up a bar in her home. Her business has grown through the hard work that she has put in. Her wish is to continue working with Fundación Paraguaya as their loans have been very helpful to her in terms of opening her bar and enabling her children to finish school and study at college.
Petrona is requesting Fundación Paraguaya and Kiva's help again so that she can stock her bar with all kinds of drinks because she always has a lot of demand and she would like to be able to meet it.
La sra Petrona, es Presidenta del grupo ella habilito un bar en su domicilio de los prestamos que fundación paraguaya le otorgo, hoy día su negocio ha crecido debido al empeño que le puso. Su deseo es seguir trabajando con la fundación ya que el crédito le ha servido de mucho, para la apertura de su bar y para que sus hijos hayan podido terminar su colegio y siga una carrera.
Ella solicita nuevamente la ayuda de fundación paraguaya y kiva para poder abastecer su bar con bebida de todo tipo, ya que siempre tiene mucha demanda y quiere poder cumplir con ellas.
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