Kuña Rory Group
One of the group members, Hilaria, makes a living selling chipas (a small, baked cheese bun), which is a traditional food of Paraguay. She told us that she has a good business and that chipas are frequently eaten, hot or cold. With the profits from her business she has been able to sustain the daily costs that arise in her home. Her dream is to be able to one day have a large business where she makes chipas, so that she can become a distributor and be able to give work to other people.
Hilaria requests a loan to buy starch, lard, eggs, salt and other ingredients to be able to make the chipas that she sells.
Everyone in the group is very thankful to Kiva and to Fundación for the opportunity they have received.
La Sra Hilaria se dedica a la venta de chipas, que es un alimento típico de Paraguay. Comenta que tiene muy buena venta ya que la chipa es muy consumida, haga frío o calor. Por medio de sus ventas ella ha podido sostener los gastos que día a día surgen en el hogar. Su sueño es poder tener algún día una gran chipería para que de esa forma se convierta en una distribuidora y pueda dar trabajo a otras personas.
Ella solicita el crédito para la compra de almidón, manteca, huevos, sal y demás insumos para poder hacer las chipas que vende. Están, todas ellas, muy agradecidas a kiva y fundación por la oportunidad que reciben.
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