Teko Porave Rekavo Group
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.
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.
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