Santa Rosalia Group
Ana dedicates herself to selling chipas, a traditional Paraguayan food. She comments that her sales are going well, given that chipas are popular items any time of the year. Thanks to the high quality of her products, she always sells out and has been able to form a well-defined client base.
She turns to Fundación Paraguaya and Kiva to request a loan, which she wants to invest into the purchase of starch, cheese, anise, lard, and other necessary supplies for making the chipas that she sells.
Ana se dedica a la venta de chipas, el cual es un alimento tradicional de paraguay. Comenta que tiene muy buena venta, ya que la chipa siempre es vendida en cualquier temporada del año. Gracias a la buena calidad de sus productos siempre vende todo y ya pudo formarse una clientela bien definida.
Ella acude a la fundación paraguaya y a kiva para solicitar un crédito, el cual desea invertir en la compra de almidón, queso, anís, manteca y demás insumos necesarios para hace 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