Kuña Guapa Group
Cynthia is part of the group, and she tells us that she works every day, starting at the earliest hours. Thanks to that effort she has been able to support her family and make a living. She sells chipas, which are a traditional dish in Paraguay. The business does well, since people always eat chipas, no matter what season of the year it is.
She requests the loan in order to purchase chipas so that she can have enough for her daily sales. She thanks the Fundación and Kiva for the help she's getting.
Cynthia forma parte del grupo, y nos cuenta que trabaja todos los días desde muy tempranas horas del día y que gracias a este esfuerzo ha podido ayudar a su familia y tener los medios que necesita. Ella se dedica a la venta de chipas, que es un alimento tradicional de Paraguay, le va muy bien, ya que siempre se come la chipa, sin importar la temporada del año.
Ella solicita el crédito para la compra de chipas, con lo cual podrá tener para sus ventas del día a día. Agradece a la fundación y a Kiva por la ayuda que está recibiendo.
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