This group is called “La Esperenza” (“The Hope”) since its members came together with the hope of improving their life conditions through their joint work. One of them is Mrs. Liduvina, who sells chipas (cheesy buns), a typical Paraguayan food.
Liduvina says that thanks to her work and effort, and to the sale of chipas, she has given her family everything they need to live day to day. She is a hardworking woman with a desire to improve her life.
She is asking for this loan to invest it in the purchase of chipas for the sale, and in this way keep her business growing.
Este grupo se llama “La Esperanza” debido a que las integrantes se unieron con la esperanza de poder mejorar sus condiciones de vida por medio de su trabajo en conjunto. Una de ellas es la Sra. Liduvina, quien se dedica a la venta de chipas, la cual es una comida típica paraguaya.
Liduvina comenta que gracias a su trabajo y esfuerzo y por medio de la venta de sus chipas ha dado a su familia lo que necesitan para el día a día. Es una mujer muy luchadora y con ansias de ir mejorando su vida.
Ella pide este préstamo para poder invertirlo en la compra de chipas para poder venderlas y de esa forma seguir creciendo como lo viene haciendo.
About Fundación Paraguaya
Fundación 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.