San Ramon Group
Fatima has a hair salon and tells us that, thanks to how well she treats her clients, her business should keep growing, since it is her own clients who advertise it for her. She is a hardworking and enterprising person who wants to get ahead through her work.
She is seeking a loan to stock her business with the goods that she sells the most of every day. She, like the other members of her group, is very pleased with the opportunity that microfinance partner the Fundacíon Paraguaya and Kiva have given her.
Fatima tiene una peluquería, y nos dice que gracias a la buena atención que da a sus clientes, puede seguir creciendo, pues son los mismos clientes los que le hacen publicidad. Ella se define como una persona muy trabajadora y por sobre todo muy emprendedora, que desea salir adelante por medio de su trabajo.
Ella solicita el crédito para abastecer su negocio con los insumos que mas vende día a día. Ella al igual que su grupo esta muy contentos por la oportunidad que la fundación y kiva le 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