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Pindoty 1 Group
In this Group: Evangelista, Nilda, Maria, Liz, Delcy, Matilde, Idalina, Agripina, Nilda, Apolinaria, Luz, Ursulina*, Aquilina*
* not pictured
The communal bank "Pindoty I" was formed by several neighbors in the community of Santaní, a mostly rural city with little access to certain types of communication. Most of the members of the group live in remote areas that are difficult to get to. All of them are involved in rural activities, such as raising and selling farm animals: chickens, goats, etc.

One of the members is Evangelista who works hard to help her family. She makes every effort to get ahead and give them everything they need. She is requesting a loan to buy balanced animal feed such as corn, bran and other products to provide good nutrition for her animals.
View original language description ↓
El comité “Pindoty I” se formó con la unión de varias vecinas de la comunidad de la ciudad de Santaní, una ciudad mayormente rural, con poco acceso a ciertos medios de comunicación, la mayoría de las miembros de este grupo son de zonas bastante alejadas, donde es muy difícil poder acceder.
Todas las integrantes se dedican a actividades rurales, como ser cría y venta de animales de corral, como gallinas, cabras, y demás. Una de ellas es Evangelista, quien con mucho esfuerzo ayuda a su familia, se esfuerza por salir adelante y darles todo lo que necesitan.
Ella solicita este crédito para la compra de balanceados para sus animales, como ser maíz, afrecho, y demás, para poder dar una buena alimentación a sus animales.

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
  • 42
    View loans »
    Paraguay Loans Fundraising
  • $29,537,050
    Funds lent in using Kiva
  • 4,128.7
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Pindoty 1 Group's $2,425 loan helped a member to buy corn, bran and other balanced animal feed.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 15, 2013
Listed
May 17, 2013
Currency Exchange Loss:
Covered
Ended:
Dec 17, 2013