The communal bank "San Roman" is in their fourth loan cycle. They have been working very well together organizing activities in the community in order to strengthen the communal bank. They also help one another with product placement. They stand out in the area for their entrepreneurial spirit.
All of the members breed and sell farm animals, and through this demanding work, they are able to get ahead. Simona is requesting this loan in order to buy animal feed to be able to keep working and give her family what it needs.
El comité San Ramon esta en el cuarto ciclo vienen trabajando muy bien en forma conjunta en la comunidad organizando actividades para fortalecer el comité. También se ayudan en la colocación de sus productos. Se destacan en la zona por el espíritu emprendedor.
Todas las miembros se dedican a la cría y venta de animales de corral, y por medio de este sacrificado trabajo salen adelante. Simona solicita de este crédito para la compra de balanceados para poder seguir trabajando y dando a su familia lo que necesitan.
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.