San Sebastian Group
All of the members are humble farming women. From their homes, they raise and sell farm animals in order to help their families. One of these women is Mariza. She is requesting a loan in order to buy bran, corn, and other types of balanced feed for her animals.
The members appreciate this great opportunity given to them by Fundación Paraguaya and Kiva so that they can move forward.
Todas ellas son mujeres de campo, humildes, que desde sus casas se dedican a la cría y venta de animales de corral, con lo que quieren ayudar a sus familias. Una de ellas es Mariza, quien pide de este crédito para la compra de afrecho, maíz, y demás balanceados para sus animales.
Agradecen por esta gran oportunidad que les da la fundación y kiva, ya que quieren salir adelante.
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