La Esperanza Group
Ursulina, a group member, sells chipas (a traditional Paraguayan food). She says that she has been doing this for some time now, and thanks to this work she has been able to help her family and cover their daily costs. She wants to be able to have her own chipa business one day and thus keep growing.
She is requesting this loan for the purchase of chipas to sell, so that she will get even closer to fulfilling her dream.
Una de las integrantes es la señora Ursulina, quien se dedica a la venta de chipas (alimento tradicional paraguayo). Comenta que se dedica hace un buen tiempo a esto y que gracias a este trabo ha podido ayudar en su casa y cubrir los gastos que diariamente surgen. Ella desea algún día poder tener su propio negocio de chipa y de esa forma seguir creciendo.
Ella solicita el crédito para la compra de chipas para poder vender y de esa forma estar más cerca de su sueña.
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