Rio Ypane Belen Group
One of the members is Rosalia, she is from a small settlement in the commuity Panchito Lopez and runs her small business selling fruits and vegetables in the market, and on weekends at the community's agricultural fair.
Her wish is for her environment to improve with time and through the help of all the people in the area, so that it will be safer for their families and offer them a better future.
She is applying for this loan in order to buy fruits and vegetables, which she will sell in order to continue her business and make it grow so that she can help her family.
La Sra. ROSALIA es una de las integrantes, ella es de una colonia pequeña en distrito de la ciudad Concepción PANCHITO LOPEZ donde tiene su pequeño negocio de Venta de frutas y verdura en el mercado y los fines de semana en la feria agrícola municipal. Desea que conforme pase el tiempo, y por medio de la ayuda de todas las personas de su zona puedan ir mejorando su entorno y así ofrecer una mayor seguridad a sus familias, también poder procurar para ellos un mejor futuro.
Solicita de este crédito para la compra de frutas y verduras para la venta y de esa forma poder seguir con su negocio y creciendo para ayudar a su familia.
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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Success!! The loan was 100% repaid