Cerro Verde Group
Maria is one of the members. She has a hairdressing salon which she has run for a very long time. She has a varied clientele which are loyal to her, whether they be men or women. She has a good income which helps her cover both business and household expenses. She would like to continue with her business and for this reason she is asking the Fundacion for a loan to buy scissors, dyes, gel, and chemicals necessary for a hairdressing salon, so as to stock her business.
Maria, es una de las miembros, ella tiene una peluquería, la cual explota desde hace ya un buen tiempo, tiene muy variada clientela que siempre acuden a ella, ya sea hombres y mujeres. Tiene buen ingreso, lo que le ayuda a poder cubrir los gastos del negocio y de su casa. Le gustaría poder continuar con su negocio, por lo cual solicita el préstamo a la fundación, es decir para la compra de tijeras, gel, tintes, y algunos químicos necesarios para la peluquería, con lo que podrá surtir su negocio.
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