Junta De Saneamiento Colonia Coronel Jorge Thompson Group
The loan they are requesting is to dig a new well because they want to be able to continue reaching people with this important service. This water supply facility is such an important service to people and this is why they are asking for a loan in order to grow and so that more people can have access to this service.
In the photo of the water supply facility are those responsible for this facility, as well as the signatories that make up the board.
El crédito lo solicitan para la excavación de un nuevo pozo, con lo cual desean poder seguir haciendo llegar a las personas este servicio tan importante.
Esta aguatería está ayudando a las personas con este servicio tan grande y es por eso que piden este crédito para poder ir creciendo y que más personas tengan acceso a este servicio. En la foto de la aguatería aparecen los responsables de esta aguatería, tanto como los firmantes como las demás personas que conforman la junta.
More information about this loan
This loan will help fund a new product Fundación Paraguaya has launched called "Ikatu Agua" that will enable people in remote communities to dig wells, build pipelines and install water meters to expand access to clean drinking water. Loans like these are given to sanitation boards, which represent their entire communities. These groups contract builders and oversee construction of water distribution systems, while collecting repayments from impacted community members. These repayments are pooled and returned to Kiva to be credited to lenders.
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