Mujeres Unidas Group
Crecencia is a very hard-working woman who has recently started keeping a pig and a few hens. Thanks to the efforts she is making, she is able to grow her business and acquire a larger number of animals.
Crecencia is requesting a loan from Fundación Paraguaya to invest in buying pigs to raise, slaughter and sell. She is grateful for the opportunity that she and her fellow group members are receiving as it will enable them to continue growing.
La señora Crecencia es una señora muy trabajadora que empezó apenas teniendo un cerdo y unas pocas gallinas, actualmente y gracias al esfuerzo que está haciendo pudo ir creciendo y tener mayor cantidad de animales.
El crédito solicitado a la Fundación Paraguaya lo quiere invertir en la compra de cerdos para poder criarlos y también para faenarlos y venderlos. Agradece por esta oportunidad que ella y sus compañeras están recibiendo ya que de esa forma podrán seguir creciendo.
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