Jovenes Emprendedores Unidos Group
One of the members of the group is Ana who makes and sells jewelry to earn a little money and help with household expenses. She is an idealistic young woman. She is seeking a loan to buy thread, special pliers and other items so she can continue with her jewelry business.
Una de las integrantes es Ana, quien hace bijouterie para poder vender, tener un poco de ingresos y de esa forma poder ayudar un poco con los gastos de la casa. Es una joven con muchos ideales.
Solicita de este crédito para la compra de hilos, pinzas canutillos y demás artículos para poder seguir haciendo su bijouterie para la venta.
More information about this loan
This loan is designed for young people aged 15 to 25 whose families are living in poverty and who wish to start a new business or improve an existing business. As part of its Youth Entrepreneurship program, Fundación Paraguaya’s staff members offer mentorship, as well as training courses and workshops in finance and business administration. Borrowers also receive standard benefits like health coverage and life insurance. This type of loan is not offered by most other financial institutions in Paraguay. Young borrowers are often considered to be too risky because they lack prior credit history or business experience.
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