Cerro Verde Group
One of the members is Sra. Alejandrina, who engages in farm activities such as raising and selling animals such as chickens, pigs, ducks, goats, and other creatures. Through her efforts, Alejandrina has been able to help her family even though the work is very difficult. She has been able to help her loved ones because she wants them to lack nothing. Alejandrina says that her dream is to have a farm with more animals that she can raise and sell. She is appreciative of the opportunity she and her family receive from this line of work.
Alejandrina is requesting a loan so that she can invest in the purchase of balanced feed for her animals. This will enable her to continue her small enterprise in the same manner as she has done before.
Una de las integrantes es la Sra. Alejandrina, quien se dedica a actividades rurales, como ser cría, venta y faena de animales de corral, como ser gallinas, cerdos, patos, cabras y demás. Cuenta que por medio de este trabajo es que está ayudando a su familia, pese a que es un trabajo muy difícil, lo hace para poder ayudar a sus seres queridos y que no les falte nada. Ella comenta que sueña con poder tener una granja donde pueda tener más animales para criar y vender. Agradece por esta oportunidad que ella y su familia están recibiendo por medio de esto.
Solicita de este crédito para poder invertirlo en la compra de balanceados para sus animales, y de esa forma poder seguir con su pequeño emprendimiento como lo viene haciendo.
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 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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