Virgen De Fatima Group
Irene raises and sells animals. She is requesting a loan to invest in animals, such as chickens, ducks, etc. Irene says that thanks to this work, she can improve her home economy and grow as a small business owner. Her dream is to have a large number of animals and be able to earn a better income.
La señora Irene se dedica a la cría y venta de animales, el crédito que solicita lo quiere invertir en la compra de animales, como ser gallinas, patos, etc. Irene dice que gracias a su trabajo puede ir mejorando su economía e ir creciendo como microempresaria. Su sueño es poder tener mucha cantidad de animales y así poder tener mayores ganancias.
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