Nuevo Amanecer Group
Carmen is one of them. Every day she works selling chipas (traditional Paraguayan food [bread made from cassava dough]) on the streets in the mornings and afternoons. She says that her work requires sacrifice, but in spite of it, she would like to continue with it.
She is requesting the loan to purchase the ingredients necessary to make the chipas she sells, such as cassava dough, butter, condiments, etc.
La Sra Carmen es una de ellas su labor de todos los días se basa en venta de chipas (alimento típico de Paraguay) de forma ambulante por las mañana y por las tardes. Comenta que su trabajo es muy sacrificado, pero que pese a ello le gustaría poder seguir en el.
Ella solicita el crédito para la compra de los ingredientes necesarios para elaborar las chipas que vende, como ser almidón, manteca, condimentos y demás.
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