Teco Porave Recavo Group
Teodora is one of the members. She is requesting a loan in order to buy feed for her animals. The animals consume a large amount of balanced feed, so she wants to have more in reserve. Teodora and the other members are grateful to Fundación Paraguaya and Kiva for the opportunity they have received.
Todas ellas se dedican a la cría y venta de animales, como ser ovejas, cerdos, gallinas y demás animales de corral, ellas desean poder salir adelante y de esa forma poder sentirse útiles y ayudar a sus familias con un porvenir distinto.
Teodora, una de las miembros, solicita el crédito para comprar comida para sus animales, ya que estos consumen muchos balanceados y quiere poder tener mas de reserva. Agradece a la fundación y a kiva por la oportunidad que 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