La Amistad Group
Maria is one of the members, and she dedicates herself to hairdressing. She states that she has a business with all the necessary amenities to carry out her work comfortably. Thanks to the excellent service she provides to her customers, she has established a loyal client base that frequents her business often.
Her dream is to continue growing her enterprise, and to provide job opportunities for other people. She requests help from Fundación Paraguaya and Kiva to supply her beauty salon with shampoos, conditioners, creams, nail polishes and other necessary products to be able to keep working.
Maria, es una de las miembros, ella se dedica a la peluquería, cuenta que tiene un negocio con todo lo que necesita para poder trabajar cómodamente. Gracias al buen servicio que brinda a sus clientes, ha podido formarse ya una clientela fiel que siempre acude hasta su negocio. Su sueño es poder seguir creciendo y poder dar puestos de trabajo a otras personas.
Ella solicita la ayuda de fundación paraguaya y de kiva para poder abastecer su peluquería con shampoo, enjuagues, cremas, esmaltes y demás insumos necesarios para poder seguir trabajando.
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