Kuña Guapa Group
All of the members raise and sell barnyard animals such as hens and hogs. They see great opportunities for progress in the Fundacion's program.
Virginia is requesting this loan for the purchase of animal feed. With it, she will be able to feed her animals and continue helping her family with her increased income.
Todas las miembros se dedican a la cría y venta de animales de corral, como ser gallinas, cerdos, etc. Ellas han visto una gran oportunidad en el programa de la fundación para poder seguir progresando.
Virginia solicita el crédito para la compra de balanceados, con los cuales podrá alimentar a sus animales y seguir ayudando también a su familia con los mejores ingresos.
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