Virgen De Lourdes Group
All this group’s members raise and sell farm animals, like hens, ducks, pigs and goats. It is a demanding job, but they do it in order to be able to help their families.
Saturnina, one of the group’s members, is requesting this loan to invest in feed for her animals. She wants to continue taking good care of them and then sell them.
La totalidad de este grupo está emprendiendo en la cría y venta de animales de corral, como ser gallinas, patos, cerdos, cabras y demás. Es un trabajo muy sacrificado, pero lo hacen para poder ayudar a sus familias.
Saturnina, una de las integrantes, solicita de este crédito para poder invertirlo en la compra de alimentos para sus animales, ya que quiere seguir cuidándolos bien y venderlos.
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