Junta De Saneamiento Chololó Group
They provide this essential service in this community in the city of Paraguarí and help people who need it most. They hope that this sanitation board can continue to grow and reach more people since they believe that all people have the right to this service.
They have requested this loan to purchase and repair the water pump and transformer.
Ellos proveen de este servicio fundamental a esta comunidad de la ciudad de Paraguarí, con lo cual ayudan a las personas que más lo necesitan. El deseo de esta junta de saneamiento es el de poder seguir creciendo y el día de mañana llegar a más personas, ya que son de la idea que todas las personas tienen derecho a gozar de este servicio.
El crédito fue solicitado para la compra y reparación de bomba y transformador de la aguatería
More information about this loan
This loan will help fund a new product Fundación Paraguaya has launched called "Ikatu Agua" that will enable people in remote communities to dig wells, build pipelines and install water meters to expand access to clean drinking water. Loans like these are given to sanitation boards, which represent their entire communities. These groups contract builders and oversee construction of water distribution systems, while collecting repayments from impacted community members. These repayments are pooled and returned to Kiva to be credited to lenders.
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