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La Alborada Group
In this Group: Sonia, Aida, Nancy, Elizabeth, Braulia, Liz, Rocio, Silveria, Teodora, Nelsi, Blanca, Hermelinda, Mercedes, Silveria, Mirta
"La Alborada" is a group that was formed in the city of Santaní, a community that is growing. The members are working so that they can grow and improve. All of them engage in rural businesses, such as raising and selling animals.

Sonia is a member and serves as the president of this group. She is requesting a loan in order to invest in the purchase of balanced feed for her animals so that she can continue raising them. Her dream someday is to have a farm with animals so that she can continue working.
View original language description ↓
La Alborada se formó en la ciudad de Santaní, en una comunidad aun en crecimiento, que está trabajando por crecer y mejorar, todas las integrantes se dedican a actividades rurales, como ser la cría y venta de animales.
Sonia es la presidenta de este grupo, y lo integra, ella pide este préstamo para poder invertirlo en la compra de balanceados para sus animales, de manera a poder seguir con la cria de los mismos. Su sueño es algún día poder tener una granja con animales donde poder seguir trabajando.

Additional Information

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 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.

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About Paraguay

  • $8,400
    Average annual income
  • 82
    View loans »
    Paraguay Loans Fundraising
  • $31,492,275
    Funds lent in using Kiva
  • 4,550.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of La Alborada Group's $3,175 loan helped a member to buy balanced animal feed.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 16, 2014
Listed
Feb 25, 2014
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2014