Santa Maria De Tobati Group
One of the women in this committee is Griselda who owns a beauty salon. She comments that she does well in the business because thanks to it she has the necessary income to help her family and support maintain her household. She has a good clientele of almost regulars who always come to her.
She wants the loan to stock her business with indispensable supplies for her salon like: hair color, gel, spray, nail polish and others. She’s very happy with the opportunity the Fundación and Kiva give her.
Una de las mujeres de este comité es la señora Griselda, quien tiene una peluquería. Ella nos comenta que le va muy bien en su negocio, ya que gracias a el tiene lo ingresos necesarios para ayudar a su familia y para mantener su casa. Tiene una buena clientela ya casi fiel pues siempre van junto a ella.
Ella desea el crédito para abastecer su negocio con los insumos indispensables para su peluquería, como ser: tintes, gel, spray, esmalte para uñas y otros. Está muy contenta por la oportunidad que le dan la fundación y kiva.
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