The communal bank San Sebastian is from the city of Santani. It is made up of 12 women, all of them friends and neighbors from that city. All of them work breeding and selling farm animals such as chickens, pigs, ducks, and others. They are hardworking woman that struggle to get ahead and they have big desires and a great entrepreneurial spirt. Blanca, the president, is asking for a loan in order to buy food for her animals, such as animal feed, roots and more.
El comité “San Sebastián” es de la ciudad de Santaní, está integrado por 12 mujeres, todas ellas amigas y vecinas de esa ciudad. Todas ellas se dedican a la cría y venta de animales de corral, como ser gallinas, cerdos, patos, y demás.
Son mujeres muy trabajadoras que se esfuerzan por salir adelante ya que tienen muchas ganas y un gran espíritu emprendedor.
Blanca, la presidenta, solicita el crédito para la compra de alimentos para sus animales, como ser balanceados, raíces y demás.
About Fundación Paraguaya
Fundación 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.