Kuña Aty Group
One of the group members is Cirila, who works raising animals. With this work, she is fighting to improve herself. She had the idea of improving her business and decided to request this loan to invest in the purchase of clothing items. This will allow her to learn a new business and improve her income to help her family.
She is grateful for the opportunity she is receiving since this is the first time she has been able to access a loan.
Una de las integrantes es la Sra. Cirila, quien se dedica a la cría de animales de corral, y por medio de ese trabajo está luchando por salir adelante. Tiene la idea de ir mejorando su negocio, y es por eso que está solicitando de este crédito para poder invertirlo en la compra de prendas, ya que de esa forma podrá emprender algo nuevo y luchar por mejorar sus ingresos para poder ayudar a su familia.
Agradece por esta oportunidad que está recibiendo, ya que es la primera vez que esta pudiendo acceder a una.
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