Claudia Griselda's Group
One of the members is Mercedes, 33. She has a son and is a single mother. She works in a beauty salon and also sells groceries and this is her only source of household income. Because of this she joined her neighborhood committee so that with help from Fundación Paraguaya she can get ahead through joint efforts and get ahead because she’s alone and that way is very difficult.
She asked for the loan to buy hair coloring, nail polish, scissors, combs and other supplies to stock her shop since it’s her means of support. She’s very grateful for the opportunity she’s receiving.
Una de las integrantes, Mercedes, tiene 33 años, tiene 1 hijo, es madre soltera. Ella trabaja de peluquera y a la misma vez en la venta de comestibles y es la única que genera ingreso en su hogar. Es por eso que se integro al comité de su barrio para que con la ayuda que le brinda la Fundación Paraguaya pueda salir adelante y por medio del trabajo en conjunto y salir adelante, ya que se encuentra sola y de esa forma es muy difícil.
Ella solicita el crédito para la compra de tintes, esmaltes para uñas, tijeras, peines y demás insumos para abastecer su peluquería, ya que es su medio de subsistencia. Está muy agradecida por la oportunidad que está recibiendo.
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