Santa Maria 1 Group
All of the members raise and sell animals. They're self-sacrificing women who seek and wish for better living conditions for their children. Maria requests the loan in order to purchase feed, so that she can continue to feed her animals well.
She gives thanks to Fundación Paraguaya and Kiva for the help that she and her friends are getting.
Todas las miembros se dedican a la cría y venta de animales, son mujeres sacrificadas y que buscan y anhelan un bienestar mejor a sus hijos. Maria solicita el crédito para la compra de balanceados y de esa forma poder seguir alimentando bien a sus animales. Agradece a la fundacion paraguaya y a kiva por la ayuda que ella y sus amigas están 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