San Francisco Group
Cornelia belongs to the group, and she tells us that she raises and sells animals such as pigs, chickens, cows, and others. She says she has several customers who buy animals from her, which are later sold for slaughter. The work she does is very hard, and requires not only physical, but also mental effort.
She is applying for the loan in order to buy balanced feed for her animals, as she doesn't want them to lack food. Cornelia is very grateful to get this opportunity for progress.
Cornelia forma parte del grupo, y ella nos cuenta que se dedica a la cría y venta de animales, como ser chanchos, gallinas, vacas y demás. Comenta que tiene varios clientes que compran de ella los animales que luego son vendidos para la faena. Este trabajo que hace es muy sacrificado, y requiere no solo esfuerzo físico sino también mental.
Ella solicita el crédito para la compra de balanceados para sus animales, ya que no quiere que les falte comida. Cornelia está muy agradecida por esta oportunidad de progreso que está recibiendo.
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