Las Roseñas Group
The Las Roseñas communal bank started because of the promotions that were done in the members’ neighborhood. All of them are from the same zone. They are neighbors, and they know each other. This group’s objective is to foster an enterprising and supportive spirit in order to arrive at the highest level of the program.
Julia is one of the members. She tells us that she has a beauty parlor. Thanks to her beauty parlor she is able to help at home. Life is harder each day, and thanks to her good service she has an established customer base. This helps her a lot.
She is requesting the loan to buy shampoo, conditioner, dyes, nail polish, and other indispensable supplies for her beauty shop. She, like her friends, is very grateful for this opportunity to make progress that the Fundación gives her.
La Sra. Julia es una de las integrantes, ella nos comenta que tiene una peluquería gracias a la cual ella puede ayudar en la casa, ya que la vida cada vez es más dura, cuenta que gracias a su buena atención ya tiene una clientela bien formada, lo cual la ayuda mucho.
Ella solicita el crédito para la compra de shampoo, enjuagues, tintes, esmaltes para uñas y demás insumos indispensables para su peluquería. Ella al igual que sus amigas están muy agradecidas por esta oportunidad de progreso que les da la fundación.
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