La Amistad Group
Jovina and Ortencia work selling chipas (cheese buns). Every day, they work together in the preparation. They say that, thanks to the loan, they were able to increase their customer base because they built a bigger oven.
This time, they are requesting a loan for the purchase of ingredients for chipa, which is a typical Paraguayan food. They wish to buy starch, cheese, anise, eggs, and other items. They are grateful for the great help that they receive, because thanks to this, they are expanding and helping their families.
Las señoras Jovina y Ortencia se dedican a la venta de chipa, diariamente trabajan juntas en la elaboración. Comentan que gracias al crédito pudieron aumentar su clientela por que construyeron un Horno más grande, esta vez solicitan de este crédito para la compra de los ingredientes de la chipa, la cual es un alimento típico paraguayo, desean compra almidón, queso, anís, huevo y demás. Agradecen por la gran ayuda que reciben pues gracias a esto están creciendo y ayudan a los suyos.
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