San Juan Group
Gavina is the president of the communal bank, and she is very hard-working. She formed her group in order to be able to work together, to get ahead, and to also improve her community through the communal bank.
She raises barnyard animals that she sells or slaughters. Through this work she is helping her family, and she gives them what they need to live. She wants to improve her family life. She sees forming this group as a great opportunity
She is requesting this loan to buy animals to raise. This way she will be able to continue her work and have a little more income. She is grateful for the opportunity that they are getting.
La señora Gavina es la presidenta en el comité es muy trabajadora, formo su grupo para poder trabajar en conjunto y salir adelante, e ir mejorando también su comunidad por medio del comité. Ella se dedica a la cría de animales de corral, que vende o faena, por medio de este trabajo está ayudando a su familia y les da lo que necesitan para vivir.
Ella quiere ir mejorando la vida de su familia, y ve como una gran oportunidad el de formar este grupo.
Solicita de este crédito para la compra de animales para la cría, ya que así podrá seguir con su trabajo y teniendo un poco mas de ingresos. Agradece la oportunidad que ellas están recibiendo.
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 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