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La Solucion Group
In this Group: Rita Del Socorro , Maria, Leonora , Timotea , Maria , Marisa , Valentina , Martha , Juana , Nancy
The community bank “La Solución” is made up of 10 members from the city of Santaní. These are women who make an effort every day to get ahead and better themselves. Every member has the same goal: to cover her basic necessities and keep improving.

Rita, the president, has a business raising and selling animals. She says that this takes a great deal of sacrifice, since it is a job that requires all of one's time. Her dream is to be able to have a large farm full of animals and keep working in this business.

She is seeking this loan in order to buy feed, so that she can continue to feed and care for her animals.
View original language description ↓
El comité “La Solución” tiene 10 integrantes de la ciudad de Santaní, ellas son mujeres que día a día se esfuerza por salir adelante y superarse, el objetivo de cada una es dejar atrás las necesidades y ser mejores.
Rita, la presidenta, se dedica a la cría y venta de animales, comenta que es muy sacrificado, ya que es un trabajo de tiempo completo. Su sueño es poder tener una gran granja llena de animales y de esa forma seguir trabajando.
Solicita el crédito para la compra de balanceados, con lo cual podrá seguir alimentando a sus animales y cuidándoles de esa forma.

Additional Information

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.

About Paraguay

  • $4,555
    Average annual income
  • 39
    View loans »
    Paraguay Loans Fundraising
  • $28,194,900
    Funds lent in using Kiva
  • 4,395.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of La Solucion Group's $3,000 loan helped a member to buy animal feed.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 14, 2012
Listed
Sep 18, 2012
Currency Exchange Loss:
Covered
Ended:
Apr 17, 2013