All of the members raise and sell domesticated animals such as chickens, ducks, sheep, and other livestock. By investing great effort and sacrifice, they have been able to help their children and cover their daily expenses.
Rosalva, one of the members, is requesting a loan in order to buy balanced feed for her animals. This will enable her to continue working and generating a good income.
Todas ellas se dedican a la cría y venta de animales de corral, como ser gallinas, patos, ovejas y demás, cuentan que con mucho esfuerzo y sacrificio tienen los medios para ayudar a sus hijos y cubrir los gastos del día a día.
Rosalva, una de ellas solicita de este crédito para la compra de balanceados parra sus animales, y así seguir trabajando y teniendo buenos ingresos.
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