Aparicia is a member of the group. She sells 'chipa,' a typical Paraguayan bread readily consumed at any time of the day. She can count on a very good clientele and, thanks to her hard work, she provides her family with what they need.
Aparicia is requesting a loan to purchase corn meal, manioc starch, cheese, anis, and the remainder of the ingredients needed to prepare 'chipas.'
Aparicia es miembro del grupo, ella se dedica a la venta de chipa, que es un alimento típico paraguayo muy consumido en cualquier momento del día. Cuenta que tiene muy buena clientela y que gracias a su trabajo da a su familia lo que necesitan. Ella solicita el crédito para la compra de harina de maíz, almidón, queso, anís y demás insumos que necesita para la elaboración de sus chipas.
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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