Hilda is group president. She sells products she produces in her fields. Her wish is to continue making progress with Fundación Paraguaya and that the group continues to get stronger every day. She states that she feels very comfortable in her committee and expects to have many more of the benefits that the Fundación is offering.
She is asking for the loan to buy seeds, fertilizer and other supplies to continue working her fields and thus help to support her family. She is grateful for the opportunity she’s getting from Kiva and Fundación Paraguaya.
La sra Hilda, es Presidenta del grupo, ella se dedica a vender los producto que producen en su plantío de cultivo, su deseo es seguir progresando con la Fundación Paraguaya y que el grupo se vaya fortaleciendo cada día más, manifiesta que se siente muy a gusto en su comité y espera muchos beneficio más que la Fundación le están ofreciendo.
Ella solicita el crédito para la compra de semillas, fertilizantes y demás insumos para poder seguir trabajando en su campo y así ayudar a mantener a su familia. Agradece por la oportunidad que esta recibiendo de Kiva y fundación paraguaya.
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