Check out some available loans that are similar to this one!
1 De Mayo Group
In this Group: Juana, Casilda, Urbana, Alcida, Daria, Donatila, Magdonia, Alicia, Delia, Justina, Sonia, Gregoria, Ignacia, Mariana, Mirian, Carmen*
* not pictured
The "1 de Mayo" (First of May) group is in its seventh loan cycle. All of the members work on their own. This is a very hardworking group from the city of Santaní, but members are from surrounding remote areas where there isn't access to these means. The majority of the members are rural women, and one of these is Sonia, who makes a living raising, selling or butchering farm animals, such as chickens, pigs, cows, goats and others. She says that it is demanding work because she has to be ever-mindful of her animals, but she also knows that this work can help her family. She is requesting the loan to purchase balanced feed for her animals, since in this way she can continuing raising her animals and generating income for her family.
View original language description ↓
El comité “1 de mayo” pasa al 7mo ciclo. Todas las integrantes cuentan con actividades económicas independientes. Es un grupo muy trabajador, que es de la ciudad de Santaní, las integrantes del grupo son de zonas bastante alejadas, donde no tienen facilidad de acceso a ciertos medios.
En su mayoría son mujeres rurales, una de ellas es Sonia, quien se dedica a la cría, venta o faena de animales de corral, como ser gallinas, cerdos, vacas, cabras y demás. Cuenta que es un trabajo sacrificado, porque debe de estar pendiente de sus animales siempre, pero sabe también que con este trabajo puede ayudar a su familia.
Solicita de este crédito para poder invertirlo en la compra de balanceados para sus animales, ya que de esa forma podrá seguir criando a sus animales y seguir generando ingresos para su familia.

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
  • 62
    View loans »
    Paraguay Loans Fundraising
  • $28,760,275
    Funds lent in using Kiva
  • 4,414.4
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of 1 De Mayo Group's $4,875 loan helped a member to purchase balanced feed for her animals.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 27, 2013
Listed
Jun 23, 2013
Currency Exchange Loss:
Covered
Ended:
Dec 17, 2013