Sara sells chipas (traditional Paraguayan food) and comments that she’s been doing this for some time now so she has a well-established clientele. Her product is very sought after by her customers and this is why she does so well in this. Day to day she strives more and more to grow and to help her family.
She is asking for the loan to buy chipas to stock up and meet customer demand. They are very grateful for the help they are getting from Kiva and from Fundación Paraguaya.
Sara vende chipas (Alimento típico paraguayo), y comenta que se dedica a esto hace ya un buen tiempo, por lo que ya tiene una clientela bien formada. Su producto es muy solicitado por sus clientes y es por ello que le va muy bien en esto. Día a día se esfuerza más y más para poder ir creciendo y ayudando a su familia.
Ella solicita el crédito para la compra de chipas, con lo cual podrá abastecerse y de esa forma cumplir con la demanda de sus clientes. Ellas están muy agradecidas por la ayuda que están recibiendo de kiva y 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