Mujeres Activas Mbuyae Group
Teodora is one member of the group. She sells chipa, a typical food of Paraguay [a kind of bread usually made with cassava or corn flour]. She is requesting the loan to purchase flour, butter, eggs, fat, and other ingredients to be able continue making and selling the chipa. She is thankful for the opportunity that she is receiving since it will be very helpful.
Teodora es miembro del grupo, ella vende chipa, el cual es un alimento típico paraguayo. Ella solicita de este crédito para la compra de harina, manteca, huevos, grasa y demás insumos para poder seguir haciendo sus chipas y venderlas.
Agradece por la oportunidad que está recibiendo, ya que le será muy útil.
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