Paz Y Alegria Group
Bernardina is the president of the group and says that she always tries to motivate her fellow members to go after their goals and dreams so that they won’t give up. She sells chipa (a type of bread made with yucca starch and cheese) and does very well since it is eaten all the time, rain or shine.
Bernardina needs the loan to buy chipas, since she wants to continue her sales because thanks to them she has been able to help her family and meet their day to day expenses.
Bernardina es la presidenta del grupo, ella comenta que siempre trata de incentivar a sus compañeras a luchar por sus metas y sus sueños, para que no se den por vencidas. Ella se dedica a la venta de chipa, en lo que le va muy bien, ya que siempre es muy consumido en todo tiempo, haga frio o calor.
Ella solicita el crédito para la compra de chipas, ya que quiere seguir con sus ventas porque gracias a ellas ha podido ayudar a su familia y cubrir los gastos del 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