Petrona is a barber and she comments that she joined the group very much hoping to get ahead and through teamwork be able to help each other out. She says that she does very well in her business because she has a well-established regular clientele that always comes to her shop and thanks to this she’s been able to grow and improve her living conditions.
She requests the loan to buy supplies she needs for her shop like combs, rollers, spray, gel, coloring and other supplies. She is grateful for this opportunity she’s getting.
Petrona es peluquera y nos comenta que se unió al grupo con mucha esperanza de salir adelante y para que por medio del trabajo en conjunto puedan ayudarse las unas a las otras. Ella dice que le va muy bien en el negocio, pues ya tiene una clientela fiel que siempre acude a su local, y que gracias a esto ha podido ir creciendo y mejorar sus condiciones de vida.
Ella solicita el crédito para la compra de insumos que necesita para su peluquería, como ser peines, ruleros, spray, gel, tintes y demás insumos. Ella agradece la oportunidad que esta 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