San Miguel Arcangel Group
Isidora is the president of the group. She says that she sells “chipa” (similar to bread and a very typical food in Paraguay). She goes to sell in her neighborhood every day. She says that it is exhausting work, but she really likes what she does because it is dignified and decent work. Her goal is to be able to continue growing and supporting her household.
That is why she is requesting the loan to buy corn flour, starch, butter, eggs, anise, and the rest of the ingredients that she needs to make the chipas that she sells every day.
La sra Isidora, es Presidenta del grupo, ella comenta que se dedica a la venta de chipa (similar al pan, alimento muy típico en Paraguay) que a diario sale a vender por el barrio. Comenta que es un trabajo muy agotador, pero que igual le gusta mucho lo que hace, puesto que es un trabajo digno y decoroso. Su meta es poder seguir creciendo y seguir manteniendo su hogar, es por ello que solicita el crédito, para la compra de harina de maíz, almidón, manteca, huevos, anís y demás insumos necesarios para elaborar las chipas que vende a diario.
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