San Francisco Group
The committee is composed of 15 hard working women from the San Francisco region in the city of Caacupe. They all make corn and cheese breads (chipas) and sell their products door to door. They are currently going through their 8th cycle in the program Mujeres Emprendedoras (Enterprising Women) and because they are all from San Francisco in Caacupe they all share one common factor: they all make corn and cheese breads. Currently the group holds a line of credit averaging 926,000 gs. per member.
Chipas are a very traditional food that is very popular in our country, especially in the city of Caacupe. The city has even earn a reputation as a source of this popular product.
The loans that were obtained through Fundacion Paraguaya wer einvested in the purchase of starch, vegetable oil, cheese, and fire wood in great quantities. This permitted them to have good production of their corn and cheese breads, which in turn resulted in very good sales.
The president of the committee, on behalf of all of her colleague, wish to thank the Fundacion Paraguaya for permitting them to be part of this program that has a very noble mission: to support hard working people of small means and those that are marginalized by the economic system of the country.
Las chipas son una comida típica muy consumida en nuestro país, y especialmente en la ciudad de Caacupé en donde es una de las ciudades que se caracterizan por la venta de este producto típico.
Manifiestan las señoras que los préstamos que obtuvieron de la Fundación Paraguaya lo invirtieron en la compra de almidón, aceite vegetal, queso, leñas en gran cantidad, esto le permitió tener una buena producción de chipas, lo que le permitió a su vez tener una muy buena venta.
La presidenta del comité en nombre de todas sus compañeras y el de ella agradece a la Fundación Paraguaya por permitirles ser parte de este programa que tiene una finalidad muy noble, apoyar a la gente trabajadora de escasos recursos y marginados por el sistema financiero formal del país.
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