Virgen De Caacupé Group
Currently the group has 10 members, who came together thanks to the initiative of Cecilia. Because of this, they have shown interest in the program and for this reason the group was formed. In this cycle, they are learning the value of communication and the importance of savings and management to improve their current businesses.
Cecilia breeds and sells animals. Through this work she makes the income necessary to support her family. She notes that this is very selfless work, since animal breeding is not only physical work, but they also have to be careful not to get sick. She would like to have more animals, since that will increase her investment and subsequent profit.
She is requesting a loan for the purchase of animals and feed for them. She thanks the Foundation for this unique opportunity.
La señora Cecilia se dedica a la cría y venta D. animales. Por medio D. este trabajo ella genera los ingresos necesarios para poder mantener a su familia. Comenta que es un trabajo muy sacrificado, ya que la cría D. animales no solo implica trabajo físico, sino también deben ser cuidados para que no se enfermen. Ella desea tener más animales, ya que eso aumentará su inversión y posterior ganancia.
Ella solicita el crédito para la compra D. animales y balanceados para los mismos. Agradece a la Fundación por la oportunidad brindada.
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