One of the members is Fatima. She raises farm animals so that she can provide her family what they need. Her job requires sacrifice, but is this is the only way for her to provide for her family. Fatima is requesting a loan so that she can invest in balanced feed for her animals since she wants to have good stock. This will enable her to continue working and striving just as she has done before. Fatima is grateful for the opportunity she has to improve her life and that of her family.
Una de las integrantes es Fatima, quien por medio de la cría de animales de corral lucha para dar a su familia lo que necesitan, su trabajo es bastante sacrificado, pero es la única forma que ella tiene de poder ayudarles. Solicita de este crédito para poder invertirlo en balanceados para sus animales, ya que quiere tener un buen stock y así seguir trabajando y luchando como lo viene haciendo. Agradece por la oportunidad que está teniendo para mejorar su vida y la de 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