Mujeres Valientes Group
One member of the group is Teodora, who makes a living buying and raising animals, such as pigs and hens. Teodora sells her products from her house and, once a week, also sells them at a market. Teodora is applying for this loan in order to buy feed for the animals, so that she can later sell or slaughter them. She is grateful for this opportunity as it will be of great help to her.
Una de las integrantes la señora Teodora, quien se dedica a la compra y faena de animales como chancho y gallinas caceras, los vende desde su casa y una vez a la semana ofrece en una feria. Ella pide este préstamo para poder comprar balanceados para los animales que ella cuida para después poder venderlos o faenarlos. Agradece por esta oportunidad que está recibiendo que le será de mucha ayuda.
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