San Cayetano Group
The San Cayetano committee is very happy with the financial support given by Fundación Paraguaya. The institution has placed its trust in the committee, and has given it the opportunity to improve its members’ living conditions through work and group integration.
Leorgina has a poultry business, where she sells grilled and spit-roasted chickens to both regular and one-off customers. She buys chickens and cooks them, before selling them to earn income. She has requested this loan to buy chickens which she later resells.
El comité San Cayetano, quedo muy conforme por el respaldo económico otorgado de la Fundación Paraguaya por ser la empresa que ha depositado en ellas la confianza y le dio la oportunidad de mejorar la calidad de vida a través del trabajo y la integración grupal.
La sra. Leorgina tiene una pollería, en el ella ofrece pollos a la brasa y al espiedo a su clientela ya formada y a los ocasionales, ella compra los pollos y los cocina para luego venderlos y así generar ingresos económicos.
Solicita el crédito para comprar pollos y luego poderlos vender.
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