Paz Y Unidad Group
Margarita is the president of the group. She sells “chipa,” (a Paraguayan traditional food) [a cheese bread often made with corn or manioc flour]. She says that she is driven to make progress and to work to help her family, since they are her reason for fighting. One of her wishes is to continue growing to earn a little more income.
She is requesting the loan to purchase starch, lard, eggs, seasoning, and other ingredients necessary to make the chispa that she sells.
La sra. Margarita es la presidenta del grupo, ella se dedica en la venta de chipa (alimento tradicional de Paraguay), nos comenta que tiene muchas ganas de progresar y de trabajar para poder ayudar a su familia, ya que ellos son su razón de lucha. Uno de sus deseos es poder seguir creciendo y de esa forma generar un poco mas de ingresos.
Ella solicita el crédito para la compra de almidón, manteca, huevos, condimentos y demás insumos necesarios para elaborar la chipa que vende.
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