Itacua Poty Group
Luz is one of the group's members. She sells "chipas," (cheese buns) which are a Paraguayan traditional food. She tells us it is going well because these buns are eaten throughout the day and year round. Her goal is to be able to keep working and supporting her family.
She is requesting this loan to buy cheese buns to have in stock and, in this way, meet the demand of her customers. She says she is very grateful to the foundation for the help she is receiving.
Luz es una de las miembros del grupo, y ella se dedica a la venta de chipa, el cual es un alimento tradicional del Paraguay. Nos cuenta que le va muy bien, debido a que la chipa se come en todo momento del día, y del año. Su meta es poder seguir trabajando, y de esa forma poder seguir trabajando y ayudando a su familia.
Ella solicita el crédito para la compra de chipas, con lo cual podrá tener en stock, y de esa forma hacer frente a la demanda de sus clientes. decida Esta muy agradecida con la fundación por la ayuda que está recibiendo.
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