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Kuña Kyrey Group
In this Group: Lucia, Maria, Nancy, Eulalia, Nilsa, Evangelista, Nidia, Justina, Margarita, Perseveranda, Liz, Zunilda, Albina, Zulma, Liz*, Sunilda*
* not pictured
This group is named 'Kuña Kyrey' and is comprised of several neighbours of the town of Santaní. The members, all women, all live in a very remote part of the city, a very rural area that is still under development. Lucia, one of the members, raises barnyard animals, a very demanding task that takes up all of her time. She sells them or slaughters them. This business gives her the means to do all she can to improve her living conditions and those of her family. She asks for this loan in order to buy balanced feed for her animals, so as to keep in business.
View original language description ↓
Este comité se llama Kuña Kyrey se formó con la unión de varias vecinas de la ciudad de Santaní. Todas las integrantes son de una zona muy alejada de la ciudad, eminentemente rural y que aún está en crecimiento.
Lucia, una de ellas, se dedica a la cría de animales de corral, un trabajo muy sacrificado, que le ocupa todo su tiempo. Cuenta que cría sus animales y que los vende o faena, y por medio de su trabajo lucha para poder mejorar sus condiciones de vida, y la de su familia.
Ella pide este préstamo para poder invertirlo en la compra de balanceados para sus animales, ya que de esa forma podrá seguir trabajando como lo viene haciendo.

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.

About Paraguay

  • $4,555
    Average annual income
  • 51
    View loans »
    Paraguay Loans Fundraising
  • $27,437,225
    Funds lent in using Kiva
  • 4,443.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Kuña Kyrey Group's $4,850 loan helped a member to buy balanced feed.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 21, 2014
Listed
Apr 17, 2014
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2014