Mujeres Unidas Group
One of the members is Nasaria who is a housewife and at the same time raises chickens to then sell to large firms. She will use the loan to invest in her business buying better quality feed and also will improve the infrastructure of her locale.
Una de las integrantes, la señora Nasaria es ama de casa y al mismo tiempo cría pollos para después venderlos a grandes empresas.
El crédito la señora va utilizar para re invertir en su negocio , para comprar mejor calidad de alimentos y también para mejorar la infraestructura del local.
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