San Cayetano Group
Sra. Luisa, the group president, makes different types of breads and pastries and sells them in the neighborhood. Her wish is to make progress with Fundación Paraguaya and her group so that her committee gets stronger each day. She invests most of her effort into seeing that her committee emerges as a successful group. Therefore, she plans to execute her ideas and follow through with her work plan.
The loan she is requesting will be used to buy flour, sugar, sweetened milk, coconut, and other supplies that she needs to continue making pastries.
La Sra. Luisa, es Presidenta del grupo, ella elabora panecillos y diversas clases de masas dulces y vende por el barrio. Su deseo es progresar con la Fundación y su grupo y que su comité se vaya fortaleciendo cada día más. Ella pondrá el mayor de su esfuerzo para que su comité surja y salga adelante, así podrá ejecutar su idea y plan de trabajo.
Solicita de este crédito para la compra de harina, azúcar, dulce de leche, coco y demás insumos para poder seguir haciendo las masas dulces que ella hace.
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