Buena Vista Lll Group
One of the members is Sra. Delia, who sells “chipa” (cheese bread). With the income she earns, she is able to help her husband with the household expenses. The loan she is requesting will be used to buy necessary ingredients that she needs to continue producing cheese bread such as starch, corn flour, milk, eggs, and other items. These ingredients will help her make a flavorful and high-quality product.
Una de las integrantes,la señora Delia se dedica a la venta de chipa y con los ingresos que ella tiene ayuda a su marido en los gastos de su hogar.
El crédito solicitado sería para comprar los ingredientes necesarios para seguir produciendo la chica casera, necesita almidón, harina de maíz, leche, huevos, etc para que su producto sea de calidad y muy sabroso.
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