San Agustin Group
Perla is one of the members of the group. She raises, works with and sells domesticated animals such as pigs, chickens and other animals. She told us that this opportunity, of which she is the recipient, is very valuable to her. Many others don’t have this opportunity. She is asking for this loan in order to buy food for the animals. If she can do this she will not lack anything.
Perla es una de ellas, quien se dedica a la cría, faena y venta de animales de corral, como ser cerdos, gallinas y demás. Nos dice que esta oportunidad que está recibiendo es muy valiosa para ella, ya que muchos no le quisieron dar esta chance.
Solicita de este crédito para poder invertirlo en la compra de balanceados para sus animales, para que de esa forma no les falte nada.
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