Itacua Poty Group
Luz is part of the group and she relates that she makes “chipas” which is a traditional Paraguayan food. She mentions that she’s been doing this for years and thanks to it was able to help her family giving them what they need to live a life that’s free of privations.
She’s asking for the loan to buy eggs, oil, lard and other ingredients needed to continue making chipas. She relates that her dream is to continue growing in order to help others who also want to make progress like her.
Luz forma parte del grupo, y cuenta que se dedica a hacer chipas, que es un alimento típico de Paraguay. Comenta que hace años que se dedica a esto y que gracias a esto ayuda a su familia y les da lo que necesitan para una vida sin privaciones.
Solicita el crédito para la compra de huevos, grasa, manteca, y demás insumos para seguir haciendo las chipas. Cuenta que su sueño es poder seguir creciendo y de esa forma también ayudar a las demás personas que al igual que ella desean progresar.
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