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Las Hijas Del Rey Group
In this Group: Norma, Lorenza, Julia, Rosa, Maria, Maria Gloria, Laura, Benigna, Aida, Nilda, Monica, Mirna, Maria, Liz Paola, Juana, Silvia, Elsa*, Maria
* not pictured
This committee is now in its sixth cycle. It is made up of 18 members who each carry out their own work and feel very satisfied doing so as they are able to help their families. Even though they are involved in different lines of work, they all feel a shared sense of responsibility to each other to repay the loan they have received as a group.

One of the committee's members is Norma A.. She is 36 years of age and is a single mother to a 12 year old daughter. She is a hairdresser and runs a salon from her house. She is a very active person and also works weekends to generate more income so she can cover the costs of running her house and pay for her daughter’s school fees.

Norma believes that if you set yourself a goal, you can achieve anything if you are prepared to sacrifice a little. She is requesting a loan to purchase products such as shampoo and conditioner for her beauty salon.
View original language description ↓
Este comité se encuentra trabajando entre sus 18 integrantes cada una con su actividad y muy satisfechas ya que pueden ayudar a sus familias.
Cada una cuenta con actividades diferente pero sin perder en sentido de responsabilidad que tienen como grupo con relación al crédito que han recibido.
El presente comité se encuentra, en su 6to ciclo.
Una de las integrantes es la señora Norma A. de 36 años de edad, tiene una hija de 12 años es madre soltera de profesión peluquera, tiene su peluquería en su casa con clientela formada es una persona muy activa y también hace comestible los fines de semanas para tener más ingresos, para poder cubrir los gastos de la casa y del colegio de la hija.
Ella dice que si uno se propone metas todo se puede lograr con un poco de sacrificio.
Solicito el préstamo para la compra de productos que ella utiliza en salón de belleza como cremas y aceites para cabellos, asi como shampoo y acondicionadores.

Additional Information

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.

About Paraguay

  • $8,400
    Average annual income
  • 122
    View loans »
    Paraguay Loans Fundraising
  • $31,646,450
    Funds lent in using Kiva
  • 4,750.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Las Hijas Del Rey Group's $4,575 loan helped a member purchase of hair salon products.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 30, 2010
Listed
Sep 7, 2010
Currency Exchange Loss:
Covered
Ended:
Jan 15, 2011