Virgen Del Rosario Group
One of them is Carmen, who works raising animals. She says her job is tiring and exhausting, but in spite of this she likes what she does. This is how she supports her family and covers her daily expenses. This is why she would like to continue investing in it.
For this reason she is requesting the loan to buy small animals that she will raise and sell.
She is grateful to the Fundación and to Kiva for the opportunity the loan is giving her.
Una de ellas es la señora Carmen, quien se dedica a la cría de animales. Comenta que su trabajo es muy cansador y agotador, pero que pese a ello le gusta lo que hace. Este es el medio por el cual ella mantiene a su familia y cubre sus gastos diarios, es por eso que le gustaría seguir invirtiendo en el. Por eso solicita el crédito para la compra de animales pequeños, los cuales criará y venderá. Agradece a la fundación y a kiva por la oportunidad que esta le da.
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