Pora Aty Group
Hilda is one of the members. She says that she raises farm animals such as chickens, pigs, ducks, goats, and other livestock. Hilda is requesting a loan to buy balanced feed for her animals since she does not want to run out of inventory. She is grateful to Fundación Paraguaya and Kiva for the help she and her friends have received.
Hilda es una de las miembros y nos cuenta que se dedica a la cría de animales de corral, como ser gallinas, chanchos, patos, cabras y demás tipos, y solicita el crédito para la compra de balanceados para sus animales, ya que no quiere quedarse sin stock.
Ella agradece a la fundación y a kiva por la ayuda que están recibiendo ellas y sus amigas.
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