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Teko Porave Rekavo Group
In this Group: Teodolina, Maximina, Feliciana, Mercedes, Nilda, Sixta, Ignacia, Mercedes, Maria, Petrona, Alexandra, Elida, Marizza, Petrona
The “Teko Porave Rekavo” communal bank was formed when various neighbors in the city of Santani got together. The bank is now in its 7th loan cycle and has experienced no difficulties. All the members reside in a rural zone and devote their efforts to raising farm animals. They sell their livestock in the neighboring cities and in this way, they aid their families.

One of the members is Teodolina who, at great sacrifice, is working hard and getting ahead. She is requesting a loan to purchase livestock feed for her animals. In this manner, she will continue caring for them very well and, later, Teodolina will be able to sell them at a good price.
View original language description ↓
El comité Teko Porave Rekavo se formó con la unión de varias vecinas de la ciudad de Santaní. El comité pasa al séptimo ciclo sin inconvenientes. Todas las integrantes se dedican a la cría de animales ya que viven en la zona rural. Sus ventas realizan en las ciudades aledañas y de esa forma ayudan a sus familias.
Una de ellas es la Sra. Teodolina, quien con mucho sacrificio esta trabajando y saliendo adelante, solicita de este crédito para la compra de balanceados para sus animales, ya que de esta forma podrá seguir teniéndolos bien y luego venderlos a buen precio.

Additional Information

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.

About Paraguay

  • $8,400
    Average annual income
  • 134
    View loans »
    Paraguay Loans Fundraising
  • $31,646,450
    Funds lent in using Kiva
  • 4,182.5
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Teko Porave Rekavo Group's $3,175 loan helped a member to buy livestock feed for her farm animals.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 18, 2012
Listed
Jan 16, 2013
Currency Exchange Loss:
Covered
Ended:
Aug 17, 2013