San Cayetano Group
One of the stories that stands out is that of Francisca. She is 57 years old and she has been selling chipas, a typical Paraguayan food, (corn bread made with cheese) for a number of years, working so she can provide financially for her family. She says that the income she earns helps maintain the household and cover the expenses that come along. She is a hardworking and enterprising woman.
She is asking for this loan in order to invest it in the purchase of chipas, in order to be able to sell them and thus to continue earning income for her family.
Una de las historias dignas de destacar es el de la señora Francisca de 57 años de edad ella se dedica a la venta de chipas (alimento típico paraguayo) desde hace ya varios años, trabajo con el cual puede sostener económicamente a su familia. Comenta que con los ingresos que genera ayuda a mantener la casa y cubrir los gastos que surgen. Es una persona muy trabajadora y emprendedora.
Solicita de este crédito para poder invertirlo en la compra de chipas, para poder venderlas y de esa forma seguir generando ingresos para 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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Success!! The loan was 100% repaid