Kaaguy Poty Group
This committee is made up of ten hard-working and tenacious women. Their business is making food such as snacks, 'chipas' (cheese buns), sandwiches, etc. Every day they make and sell the food that they prepare.
These ladies tell us that this is the first time they have requested a loan from Fundación Paraguaya and they will use the money to buy ingredients for the food that they make. They are very hopeful about this loan since it will be very helpful to them.
El comité está integrado por 10 mujeres, todas ellas trabajadoras y luchadoras, se dedican a la elaboración de alimentos como minutas, chipas, sandwish y demás. Ellas cada día se encargan de la elaboración y venta de los alimentos que preparan.
Estas señoras han manifestado que esta es la primera vez que solicitan un crédito a Fundación Paraguaya el cual utilizarán para la compra de los ingredientes para las comidas que elaboran. Se encuentran muy esperanzadas en este crédito, ya que seria de gran ayuda para ellas.
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