Cerro Verde Group
Most of these women are from the countryside and are receiving this great opportunity for growth. One of them is Francisca who raises barnyard animals to sell. She’s requesting this loan to buy animal feed to have a good stock of them.
El grupo empezó, demostrando unión y solidaridad entre las compañeras; quienes poseen actividad económica y son muy trabajadoras.
La mayoría de estas mujeres son de campo y reciben esta gran oportunidad de crecimiento, una de ellas es Francisca, quien cría animales de corral y los vende, solicita de este crédito para invertirlo en la compra de alimentos para sus animales, y así tener un buen stock de ellos.
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