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La Solucion Group
In this Group: Rita, Maria, Leonora, Gladys, Maria, Marisa, Valentina, Martha, Juana, Nancy*
* not pictured
The community group, "La Solucion" (The Solution), is made up of several women who are all neighbors in the community 2000 Fatima. The group members make a living in various trades and crafts which they leverage to support their families. They live in a remote area without ample access to technology and communication methods.

The majority of the women in the group are from rural areas, and all of them work very hard to support their families and help with household expenses. Gladys, one of the group members, makes a living raising and breeding farm animals. She plans to use the support from this loan to purchase feed for her animals, and she hopes that this investment will strengthen her operation and allow her to continue supporting her family. Gladys hopes that her community will continue developing and moving forward toward better access to utilities and modern communication methods.
View original language description ↓
El comité “La Solucion” se formó con la unión de varias vecinas de la comunidad de 2000 Fatima. Todas las integrantes del comité desarrollan actividades con las que quieren ayudar a su comunidad y sus familias, ya que ellos son de una zona alejada, en donde no tienen mucho acceso a la comunicación.
En su mayoría son mujeres de campo, que se esfuerzan por salir adelante y ayudan a sus familias por medio de su trabajo. Gladys, se dedica a la cría, venta y faena de animales de corral, con este arduo trabajo está saliendo adelante y lucha por poder crecer.
Solicita de este crédito para la compra de balanceados para sus animales, ya que con ello podrá seguir con su trabajo. Ella quiere que su comunidad vaya en crecimiento, para que de esa forma puedan tener un mejor acceso para ellas y sus hijos y familiares.

Additional Information

More information about this loan

This loan is designed for poor clients living in rural areas with high levels of crime and social conflict. These clients, working primarily in agriculture, are often ineligible for credit from formal financial institutions because of the high-crime area they live in, their lack of adequate collateral (like a land title), and the likelihood of low agricultural production due to bad weather or pests. Fundación Paraguaya is committed to serving these clients with loans and other wraparound services tailored to their needs. It also provides clients working in agriculture with access to discounted training courses at a local agricultural school to teach them how to improve their crop yields.

About Fundación Paraguaya

Fundación 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.

About Paraguay

  • $4,555
    Average annual income
  • 67
    View loans »
    Paraguay Loans Fundraising
  • $30,204,950
    Funds lent in using Kiva
  • 4,129.3
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of La Solucion Group's $3,525 loan helped a member to purchase feed for raising her animals.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 19, 2013
Listed
Apr 19, 2013
Currency Exchange Loss:
Covered
Ended:
Jan 17, 2014