San Miguel Arcangel Group
Isidora is President of the group, she sells Chipa for a living, which is a typical Paraguayan food. Everyday she goes out to sell it around the town. Her wish is to continue progressing and for the group to get stronger everyday. She states that she feels very comfortable in the group and hopes to benefit more. She will put her greatest effort into ensuring that the group does well.
She is asking for this loan to invest it in the purchase of Chipa, which she can then sell and continue working as before.
La sra Isidora, es Presidenta del grupo, ella Trabaja en la venta de chipa (alimento típico paraguayo) que a diario sale a vender por el barrio, su deseo es seguir progresando y que el grupo se vaya fortaleciendo cada día más, manifiesta que se siente muy a gusto en su comité y espera muchos beneficio más, ella pondrá el mayor de su esfuerzo para que su comité surja y salga adelante.
Solicita de este crédito para poder invertirlo en la compra de chipa, las cuales podrá vender y seguir trabajando como lo viene haciendo.
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