Las Amigas Group
Emiliana is one of the members, and she tells us that she dedicates herself to the sale of chipas (a typical Paraguayan food). She sells all over her neighborhood and thanks to the high quality of her products she has become well known and has been able to become a good micro entrepreneur.
She is asking for this loan to buy chipas, with which she will be able to sustain herself and in this way continue working. Her dream is to one day have a locale where she can sell her products.
Emiliana es una de las miembros, y nos comenta que se dedica a la venta de chipas (Alimento típico paraguayo). Ella vende por todo su barrio y gracias a la buena calidad de sus productos se ha hecho de buena fama y ha podido crecer y convertirse en una buena microempresaria.
Ella solicita el crédito para la compra de chipas, con lo cual podrá abastecerse y de esa forma seguir trabajando.Su sueño es poder tener un local donde vender sus productos.
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