San Cayetano Group
Luisa is group presidents. She bakes rolls and various types of sweet dough she sells around the neighborhood. Her wish is to progress with Fundación Paraguaya and that her group strengthens more each day. She states that she feels very comfortable in her committee ad hopes to continue working to help her family this way.
She requests the loan to buy sugar, flour, yeast, sweets and other ingredients to continue working and making her dough.
La sra Luisa, es Presidenta del grupo, ella elabora panecillos y diversas clases de masa dulce y vende por el barrio. Su deseo es progresar con la Fundación Paraguaya y que el grupo se vaya fortaleciendo cada día más, manifiesta que se siente muy a gusto en su comité y espera seguir trabajando y de esa forma ayudar a su familia.
Ella solicita el crédito para la compra de azúcar, harina, levadura, dulces y demás insumos para poder seguir trabajando y haciendo sus masas.
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