Jovenes Unidos En Cristo Group
Alisson is part of the group. She is a young person who is started to work so that she can have some income to help her family. She sells jewelry by order and is improving or fighting to improve and help her loved ones.
She is requesting this loan to invest in the purchase of a variety of jewelry for sale since this is the way she can continue fighting to improve her life and succeed. She is grateful to everyone for the opportunity she is receiving.
Alisson es parte de este grupo, ella es una joven que está empezando a trabajar para así poder tener un poco de ingresos para ayudar a su familia de alguna forma. Ella vende joyas sobre pedido, y así está mejorando o luchando por mejorar y ayudar a sus seres queridos.
Pide este préstamo para poder invertirlo en la compra de joyas variadas para la venta, ya que de esa forma podrá seguir luchando por mejorar su vida, y así salir adelante. Agradecen todos por la oportunidad que están recibiendo.
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