San Cayetano Group
They are currently in their second cycle of the program, and they wish to be able to reach the highest level through their work.
Lucila is a very hard-working and self-sacrificing woman. She tells us that she raises chickens and then sells them. Through this work she has been able to get ahead and help her family. She also covers the day to day expenses that arise.
She is requesting the loan to buy baby chickens to raise. She will also buy feed for them. This way she will be able to increase her income.
Lucila es una mujer muy trabajadora y sacrificada, nos comenta que se dedica a la cría de pollos y luego los vende. Por medio de este trabajo ella ha podido salir adelante y ayudar a su familia y también cubrir los gastos que día a día surgen.
Ella solicita el crédito para la compra de pollitos para la cría y también alimentos para estos, para que de esa forma ella pueda aumentar sus ingresos.
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