Virgen Del Pilar Group
Irene is the president of the group. She and her family have a small business, which is selling and raising pigs. She explains that it is thanks to this work that her family has been able to get ahead and help each other. Her goal is to continue growing so that her family can have what it needs day to day.
She is requesting the loan to buy commercial feed for her pigs because she doesn’t want them to lack for food. She is grateful to the Foundation and to Kiva for the help she is receiving.
La sra. Irene, es la presidenta del grupo. Ella junto con su familia tienen una mini microempresa que es la venta y cría de chanchos. Comenta que gracias a este trabajo su familia ha podido salir adelante y ayudarse los unos a los otros. Su meta es poder seguir creciendo y que de esa forma su familia pueda tener lo que necesitan para el día a día.
Ella solicita el crédito para la compra de balanceados para sus chanchos, ya que no quiere que les falte para su alimento. Ella agradece a la fundación y a Kiva por la ayuda 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