La Esperanza Group
All of the members make a living raising animals and in agriculture. During weekends they organize activities such as selling "sopa paraguaya" [a traditional spongy cake similar to cornbread] and producing starch [similar to tapioca flour]. They sell the products in their community to obtain funds to make their payments and in this form help each other.
Marina, the president, is requesting this loan to be able to invest in the purchase of animal feed and animals to sell, and so continue working to continue giving her family all they need. She is grateful for the opportunity that she and her group are receiving since it will be very helpful for their growth.
Marina, la presidenta solicita de este crédito para poder invertirlo en la compra de balanceados y animales para la venta, y así seguir trabajando para seguir dando a su familia lo que necesitan.
Agradece por la oportunidad que ella y su grupo está recibiendo pues les será de mucha ayuda para crecer.
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