Kuña Guapa Group
Fermina is the president of this group. She works raising and selling farm animals, and she says that this work is very demanding because it’s full-time. She is requesting this loan to invest it in the purchase of feed and wheat for her animals, in order to have them well-fed and continue with her work.
Todas las miembros de este grupo son muy trabajadoras y han demostrado que con esfuerzo y ganas de salir adelante todo se puede. Fermina es la presidenta de este grupo, ella se dedica a la cría y venta de animales de corral, y cuenta que su trabajo es muy sacrificado pues es de tiempo completo. Ella solicita de este crédito para poder invertirlo en la compra de balanceados y trigo para sus animales para poder tenerlos bien alimentados y seguir con sus trabajo.
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