Buenaventura is the president of the group and she tells us that she breeds animals for a living, such as hens, pigs, goats and other kinds of animals. She says that it is a very difficult job and that it requires a lot of strength - not just physical but also mental. She is very happy with what she is doing because she knows that thanks to this job she will help her family.
Buenaventura is requesting the loan to buy food for the animals she is breeding because she does not want to be left without stock.
Buenaventura es la presidenta del grupo, y nos comenta que se dedica a la cría de animales, como ser gallinas, cerdos, cabras y demás tipos de animales. Cuenta que es un trabajo muy sacrificado, que requiere de mucho esfuerzo, no solo físico, sino también mental. Ella está muy contenta con lo que está haciendo, por que sabe que gracias a este trabajo ayudará a su familia.
Buenaventura solicita el crédito para la compra de alimentos para los animales que cría, pues no quiere quedarse sin stock.
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