San Cayetano Group
Señora Mirta is the president of the group, and she comments that thanks to her group and the support of her friends and companions, she has been able to improve her business and move ahead in life. She works raising and selling chickens, which is going very well for her as she has a good customer base.
She is requesting a loan for the purchase of feed for her poultry, as she she wants to have a good quantity so that they don't lack food.
La Sra. Mirtha es la presidenta de su grupo, y comenta que gracias a su grupo y al apoyo de sus amigas y compañeras ha podido mejorar su negocio y salir adelante. Ella se dedica a la cría y venta de pollos, en lo que le va muy bien ya que tiene una buena clientela.
Ella solicita el crédito para la compra de alimento para sus animales, ya que desea tener varia cantidad para que no les falte.
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