Nuevo Amanecer Group
One of the members is Felicita, who is dedicated to the production and sale of "chipa" (cheese buns), which is a typical Paraguayan food. Pleased note that she has very good sales, since chipa is consumed at all times of the year.
She asks for a loan to purchase starch, butter, cheese, eggs and other ingredients to make her products and in this way help to her family.
Una de las miembros es la Sra. Felicita, quien se dedica a la elaboración y venta de chipa (alimento típico paraguayo). Felicita cuenta que tiene muy buena venta, ya que la chipa es muy consumida en todo momento del año.
Ella solicita el crédito para la compra de almidón, manteca, queso, huevos y demás insumos para poder seguir haciendo sus alimentos y de esa forma ayudar a su familia.
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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