One of these hard-working women is Maria, the group's president. She has a small but well-equipped beauty salon. She comments that thanks to this business, she has been able to help her family get ahead, since she works very hard each day and thus earns a good income. She says that she has a loyal customer base of people who always come back to her salon.
She wants to stock her business, and for this reason she is asking for help from Kiva and the Paraguaya Foundation to buy hair dyes, nail polish, spray, gel and other supplies, which are the main items she needs for her work.
Una de esas laboriosas mujeres es la señora Maria, quien es la presidenta del grupo, ella tiene una pequeña peluquería bien equipada, nos comenta que gracias a este negocio, ella puede sacar adelante a su familia, ya que diariamente trabaja mucho, lo cual le trae buenos ingresos. Dice que ya tiene una clientela fiel que siempre acude hasta su peluquería.
Ella desea abastecer su negocio por lo que solicita la ayuda de fundación paraguaya y de kiva, para la compra de tintes, esmaltes para uñas, spray, gel, y demás insumos, que son sus principales elementos de trabajo.
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