The “Santa Lucía” committee has 10 very hard-working members who joined together in order to help each other out. They are all country women who would like to help their families through their work. They all raise farmyard animals and, although they know that it is very hard work, they want to do it for the sake of their children and family members. They have all experienced a lot of hardships in life that they do not want their families to have to experience.
Tomasa, the group president, is requesting this loan to buy nutritionally-balanced feed for her animals as she has a number of animals and would like to feed them well.
El comité “Santa Lucía” tiene 10 miembros muy trabajadoras, que se unieron para ayudarse las unas a las otras. Todas son mujeres de campo, que quieren ayudar a sus familias por medio de su trabajo.
Todas se dedican a la cría de animales de corral, y saben que es un trabajo muy duro, pero quieren hacerlo por sus hijos y familiares, pues ellas pasaron por muchas necesidades que no quieren que sus familias pasen.
Tomasa, la presidenta, solicita de este crédito para la compra de balanceados para sus animales, ya que tiene varios y quiere alimentarlos bien.
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.