San Cayetano Group
Francisca engages in selling “chipas” (a typical Paraguayan dish), and she has told us that thanks to his job in the committee she has succeeded in improving a lot in her activity, and that she has consequently increase her income and has been able to help her family. She is a self-sacrificing woman who deeply hopes to have a better future.
She is requesting a loan to buy chipas to sell: this will allow her to carry on with her activity, thus succeeding in providing her family with their daily necessities.
La Sra. Francisca, quien se dedica a la venta de chipas (Alimento típico paraguayo) nos comenta que gracias a su trabajo en el comité ha podido mejorar mucho, y de esa forma tiene mejores ingresos para poder ayudar a sus familiares. Ella es una mujer sacrificada y con grandes esperanzas de tener un mejor futuro.
Ella solicita el crédito para la compra de chipas, las cuales venderá y eso le ayudará a seguir trabajando y dando a su familia lo que necesitan para el día a día.
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