San Francisco Group

The committee is composed of 15 hard working women from the San Francisco region in the city of Caacupe. They all make corn and cheese breads (chipas) and sell their products door to door. They are currently going through their 8th cycle in the program Mujeres Emprendedoras (Enterprising Women) and because they are all from San Francisco in Caacupe they all share one common factor: they all make corn and cheese breads. Currently the group holds a line of credit averaging 926,000 gs. per member.

Chipas are a very traditional food that is very popular in our country, especially in the city of Caacupe. The city has even earn a reputation as a source of this popular product.

The loans that were obtained through Fundacion Paraguaya wer einvested in the purchase of starch, vegetable oil, cheese, and fire wood in great quantities. This permitted them to have good production of their corn and cheese breads, which in turn resulted in very good sales.

The president of the committee, on behalf of all of her colleague, wish to thank the Fundacion Paraguaya for permitting them to be part of this program that has a very noble mission: to support hard working people of small means and those that are marginalized by the economic system of the country.

Translated from Spanish by Erika Lindig, Kiva Volunteer

Las chipas son una comida típica muy consumida en nuestro país, y especialmente en la ciudad de Caacupé en donde es una de las ciudades que se caracterizan por la venta de este producto típico.

Manifiestan las señoras que los préstamos que obtuvieron de la Fundación Paraguaya lo invirtieron en la compra de almidón, aceite vegetal, queso, leñas en gran cantidad, esto le permitió tener una buena producción de chipas, lo que le permitió a su vez tener una muy buena venta.

La presidenta del comité en nombre de todas sus compañeras y el de ella agradece a la Fundación Paraguaya por permitirles ser parte de este programa que tiene una finalidad muy noble, apoyar a la gente trabajadora de escasos recursos y marginados por el sistema financiero formal del país.

About Group Loans
In a group loan, each member of the group receives an individual loan but is part of a group of individuals bound by a group guarantee. Under this arrangement, each member of the group supports one another and is responsible for paying back the loans of their fellow group members if someone is delinquent or defaults. Learn more