La Union Group
Mercedes is an enterprising woman who says that she operates a beauty salon. She has done very well because she has a well-defined customer base and always offers them very good services. Her goal is to continue growing so that she can continue providing employment opportunities for other people. Mercedes is requesting a loan to buy shampoo, rinses, crèmes, combs, curlers, and other supplies so that she can continue working her salon. She says this loan will be a great help in her microenterprise.
Mercedes, es una mujer muy emprendedora y nos cuenta que se dedica a la peluquería, en lo cual le va muy bien, pues ya tiene una clientela bien definida porque siempre ofrece muy buenos servicios a sus clientes. Su meta es poder seguir creciendo y desea forma también poder dar fuentes de empleo a otras personas.
Ella solicita el crédito para la compra de shampoo, enjuagues, cremas, peines, ruleros y demás insumos, con lo cual podrá seguir trabajando en su peluquería. Comenta que el préstamo le ayudará mucho en su microemprendimiento.
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