San Miguel Group
One of these women is Celia, who has worked selling chipas (a typical Paraguayan snack) for a very long time. She says that she has always had good sales, as chipas are consumed regardless of whether it is cold or hot, and this results in very good earnings. Her goal is to be able to continue growing, and in doing so, to help her family with their daily expenses.
Celia requests this loan to purchase starch, cheese, lard, anise, and other necessary condiments to make the chipa that she sells. She thanks the Fundación Paraguaya and Kiva for the opportunity that they are giving to her and to her group.
Una de estas mujeres es la señora Celia, quien se dedica a la venta de chipas (alimento típico paraguayo) desde hace ya mucho tiempo. Comenta que siempre tiene buena venta, ya que haga frio o calor siempre es consumida, y eso le tae muy buenas ganancias. Su meta es poder seguir creciendo y de esa forma poder ayudar a su familia con los gastos del día a día.
Ella solicita el crédito para la compra de almidón, queso, manteca, anís y demás condimentos necesarios para la elaboración de la chipa que vende. Agradece a la fundación y a Kiva por la oportunidad que les está dando, a ella y a su grupo.
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