Virgen De La Misericordia Group
María starts work very early and returns home quite late at night. She comments that she has a modest, but well-equipped, beauty salon where she’s able to earn the necessary income to help her family and give them a better future.
She requests the loan to buy combs, scissors, gel, conditioner, shampoo and other supplies needed in her beauty salon.
La señora Maria trabaja diariamente desde muy tempranas hora y regresa a su casa ya muy entrada la noche. Nos comenta que tiene una peluquería modesta pero bien equipada, allí ella puede generar los ingresos necesarios para ayudar a su familia y darles un mejor futuro.
Ella solicita el crédito para la compra de peines, tijeras, gel, acondicionadores, shampoo y demás insumos necesarios para su salón.
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