Junta De Saneamiento De La Cñia. Yhaca Roysa Group
Now the board says that with two wells and two of their own tanks, they distribute water to all of their users, and continue to provide this important service. Thanks to this water source, 308 people can have water and for this reason, they have access to something so essential for all human beings.
The board is seeking a loan to excavate a new well, which they need to be able to continue bringing to the people this important service.
Actualmente la junta de saneamiento cuenta con dos pozos y dos tanques propios, la distribucion de agua y todos los usuarios cuentan con medidores en su totalidad, lo que permite ayudarles a tener este servicio importante. Gracias a esta aguateria 308 personas pueden tener agua y de esa forma tener acceso a algo tan imprescindible para todo ser humano.
Solicitan el crédito para la excavación de un nuevo pozo, con lo cual desean poder seguir haciendo llegar a las personas este servicio tan importante.
More information about this loan
This loan will help fund a new product Fundación Paraguaya has launched called "Ikatu Agua" that will enable people in remote communities to dig wells, build pipelines and install water meters to expand access to clean drinking water. Loans like these are given to sanitation boards, which represent their entire communities. These groups contract builders and oversee construction of water distribution systems, while collecting repayments from impacted community members. These repayments are pooled and returned to Kiva to be credited to lenders.
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