The women's group called San Isidro is original from the city of San Ignacio. They are very close and support each other, working together in different activities and fighting to get ahead. Agustina is the president of the group and works as a street seller selling sweets. She lives in her own house with her daughter, who is studying and also helps with the business's sales and preparation of cakes and candy.
She is requesting this loan to buy flour, yiest, butter, "dulce de leche" syrup and other items, so that she can keep producing and getting ahead. They are grateful for this opportunity, which will be of great help.
El grupo de Mujeres llamado San Isidro, son de la ciudad de San Ignacio, ellas son unidas y solidarias las unas a las otras, trabajan juntas en actividades variadas, luchando por poder salir adelante.
La Sra. Agustina es la presidenta del grupo, ella se dedica a la venta de productos dulces de manera ambulante, vive en casa propia con su hija que es estudiante y también le ayuda con las ventas y la preparación de sus biscochos y confites.
La Sra. Solicita este préstamo para poder invertirlo en la compra de harina, levadura, mantecas, dulce de leche y demás, de manera a poder seguir haciendo sus masas dulces, y seguir luchando. Todas agradecen por la oportunidad que están recibiendo y que les será de mucha ayuda.
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.