Mujeres Luchadoras Group
Carmen sells chipas (sort of cheese buns) and says that she is doing very well, because her chipas are in high demand. She sells them hawking in the streets, a very tiring job, but nevertheless she loves what she is doing because it is a decent and respectable activity. She applies for this loan to buy chipas, which will enable her to continue to work and grow in her small business. She is very happy for the support received by the microfinance institution Fundación Paraguaya.
Carmen se dedica a la venta de chipa, y comenta que le va muy bien, pues es muy solicitada. Ella las vende de forma ambulante y cuenta que es un trabajo muy sacrificado, pero que pese a ello le gusta mucho lo que hace, pues es un trabajo digno y decoroso.
Ella solicita el crédito para la compra de chipa, con lo que podrá seguir trabajando y creciendo como microempresaria. Está muy contenta por el apoyo recibido de parte de fundación paraguaya.
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