Buena Nueva Group
The Buena Nueva group is very compliant with the economic support granted by Fundación Paraguaya for being the organization that has placed confidence in them and given them the opportunity to improve their quality of life through work and group membership.
Ageda, one of the members of the group, raises animals. She cares for them and feeds them, and later puts them up for sale, thus generating income for her and her family.
She is applying for the loan to buy balanced feed to fatten the animals and pay veterinary expenses for them. In the group photo there are the group members as well as their parents, since the members are well-loved by everyone.
El comité Buena Nueva, quedo muy conforme por el respaldo económico otorgado de la Fundación Paraguaya por ser la empresa que ha depositado en ellas la confianza y les dio la oportunidad de mejorar la calidad de vida a través del trabajo y la integración grupal.
Ageda, una de las integrantes del grupo, se dedica a la cría de animales, los cuida, los alimenta, y luego los pone a la venta generando así ingresos para ella y su familia.
Solicita el crédito para comprar alimentos balanceados para engorde de animales y gastos de veterinaria para estos. En la foto del grupo aparecen tanto los miembros del grupo como sus padres demás personas, ya que son un grupo muy querido por todos.
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