One of the members is Ms. Emiliana who owns a well-equipped hair salon. She comments that she has a well-formed customer base which helps her keep up her business. She says that men as well as women come to her and they always come back owing to her good work.
She is seeking the loan for the purchase of shampoo, hair dyes, conditioners, makeup, and other items, which are the supplies required by her business. She thanks the foundation for this opportunity for progress that she has.
Una de las integrantes es la señora Emiliana, la cual tiene una peluquería bien equipada. Comenta que tiene una clientela bien formada, lo que la ayuda a mantener su negocio. Dice que tanto hombres como mujeres van junto a ella y siempre vuelven debido a su buen trabajo.
Ella solicita el crédito para la compra de shampoo, tintes, enjuagues, maquillajes y otros, los cuales son los insumos necesarios para su negocio. Agradece a la fundación por esta oportunidad de progreso que tiene.
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