Barrio Alegre Group
Ms. Dora is the group's chair. She earns a living in commerce and in her free time works as a beauty salon employee. She wishes to progress with Fundación Paraguaya and hopes the group may be strengthened day by day. She asserts that she is quite happy in her committee and expects many additional benefits as the Foundation is offering them on a regular basis.
She seeks a loan in order to purchase supplies for the beauty salon, such as shampoo, rinses, hair coloring, nail polish and other items. They all appreciate the opportunity that has been given them.
La sra Dora es Presidenta del grupo, ella se dedica al comercio y en su hora libre se desempeña como peluquera funcionaria. Su deseo es progresar con la Fundación Paraguaya y que el grupo se vaya fortaleciendo cada día más, manifiesta que se siente muy a gusto en su comité y espera muchos beneficio más que la Fundación le están ofreciendo continuamente.
Ella solicita el crédito para la compra de insumos para su peluquería, como ser shampoo, enjuagues, tintes, esmaltes y demás. Agradecen todas ellas por la oportunidad que les han dado.
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