La Amistad Group
One of the members is Señora Silvia who, thanks to her effort and work, has been able to get ahead and increase her income and, in this way, help her family. Her business is raising and later selling pigs. This is a difficult job which requires a lot of effort. She is applying for the loan to purchase young pigs and pig feed. This will allow her to continue in increasing her income and helping her family.
Una de las miembros es la señora Silvia, quien gracias a su esfuerzo y a su trabajo ha podido salir adelante y aumentar sus ingresos, y de esa forma ayudar a su familia. Ella cuenta que se dedica a la cría y posterior venta de cerdos. Cuenta que es un trabajo muy sacrificado, lo cual requiere de mucho esfuerzo.
Ella solicita el crédito para la compra de cerdos pequeños y alimentos para estos, con lo cual podrá seguir creciendo y ayudando a su familia.
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