Santa Elena Group
The women are very satisfied with the financial support that Fundación Paraguaya has given them. With this loan, the group members have increased both their small businesses and their income for a better quality of life.
The eleven-member group is in its 5th loan cycle.
One of the group members is Ms. Ovilia, who raises hogs for a living. She currently hopes to improve her pig pen by putting in a fence and cement floor because raising hogs requires special care and good hygiene for good production.
She is requesting this loan for the costs associated with building a pig pen, purchasing supplies like chicken wire, cement, bricks and paying for labor.
Las señoras están muy satisfechas con el apoyo económico que les está brindando la Fundación Paraguaya, con este capital las señoras están aumentando sus pequeños negocios y así también sus ingresos para una mejor calidad de vida.
Las señoras están en el ciclo Nº 5º con sus 11 integrantes.
Una de las integrantes, es la señora Ovilia quien dedica a la cría de cerdos. Actualmente desea mejorar la porqueriza que tiene y donde cría sus animales construyendo uno con tejidos y pisos de cemento ya la cría de cerdos requiere de cuidados especiales y buena higiene para una buena producción.
Solicita el préstamo para los gastos que acarreará la construcción de porqueriza como la compra de tejidos, cementos, ladrillos y mano de obra.
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