La Esperanza Group
One of them is Otilia, who earns a living raising and selling farm animals, such as pigs and chickens. Through her work and efforts, she has been able to support her family and take care of her home; because of this, she never gets tired of working to get ahead. She says that sales of her animals are good, so she would like to continue this work.
Because of this, she is asking for the help of the foundation and Kiva to purchase young pigs to raise and then sell. She thanks the foundation and also Kiva for this opportunity.
Una de ellas es la señora Otilia, quien se dedica a la cría y venta de animales de corral, como ser cerdos y gallinas. Por medio de su trabajo y su esfuerzo ha logrado mantener a su familia y cuidar del hogar, por lo que no se cansa de luchar. Comenta que tiene buena venta de sus animales, por lo que le gustaría seguir trabajando en el.
Por ello solicita la ayuda de la fundación y de kiva para la compra de cerdos pequeños, para la cría y posterior venta. Agradece a la fundación y a kiva también por esta oportunidad.
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