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Comision Vecinal Del Barrio Azucena Group
In this Group: Desiderio, Leonor, Christian
This neighbourhood commission in Coronel Oviedo's Azucena district was formed on February 13, 2004, since when it has been supplying drinking water to the residents of the Azucena district. They currently have their own well and water tank, which enables them to supply water to 370 families, meaning that approximately 1,480 people have access to this commodity which is so vital to mankind. They are applying for the loan, in the first instance, to buy water meters so they can make users aware of the need to use water carefully and to continue offering this vital service with the same high quality. This water supply business is benefitting the whole community and so they are seeking the loan so they can offer a better service, continue to develop the business and make this vital liquid available to more people. In the group photo, we see Desiderio (the president of the water supply business), Leonor (the treasurer) and Cristian (the vice-treasurer).
View original language description ↓
La Comisión Vecinal del Barrio Azucena fue creada el 13 de Febrero del año 2004 y desde la fecha hasta hoy en día provee agua potable a todos los vecinos del barrio Azucena. Actualmente cuenta con un pozo y un tanque propio, que permite la distribución de agua a 370 familias, alrededor de 1480 personas de esa forma tienen acceso a algo tan imprescindible para todo ser humano.
Solicitan el crédito para la compra de medidores en su primera etapa, con lo cual desean concienciar a los usuarios el uso prudente del agua y seguir haciendo llegar a todas las personas con la mejor calidad este servicio tan importante.
Esta aguatería está ayudando a toda su comunidad y es por eso que piden este crédito para poder ofrecer mejor servicio e ir creciendo y que más personas tengan acceso al vital líquido. Aparecen en la foto del grupo Desiderio, quien es el presidente de la aguatería, Leonor quien es tesorero y Christian que es el pro tesorero.

Additional Information

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 Paraguaya

Fundación 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.

Tags

About Paraguay

  • $8,400
    Average annual income
  • 93
    View loans »
    Paraguay Loans Fundraising
  • $30,945,950
    Funds lent in using Kiva
  • 4,435.0
    Paraguay Guarani (PYG) = $1 USD
Paying Back

This loan has been fully funded!

A portion of Comision Vecinal Del Barrio Azucena Group's $3,475 loan helped a member to buy water meters.
83% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 30, 2013
Listed
Sep 24, 2013
Currency Exchange Loss:
Covered