La Esperanza Group
Selva is one of the group members, and she is also the president. With her efforts, she tries to be an example in serving her group members. She also makes a living in raising animals. She is requesting this loan to buy animal feed, among other items.
She is thankful to the foundation for the great opportunity that all the women are receiving.
Selva, es una de las miembros y la presidenta, con su esfuerzo trata de dar ejemplo y servir a sus compañeras. Ella también se dedica a la cría de animales y solicita este crédito para la compra de balanceados entre otros. Agradece a la fundación por la gran oportunidad que están recibiendo todas.
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