Mujeres Progresistas Group
Sara is one of these women. She comments that she works in hairstyling, and she already has a well-defined base of customers who always come to her to ask for her services. She defines herself as a very enterprising person with a great desire to get ahead.
She is requesting the loan to buy hair dyes, shampoo, rinses, nail polish and other supplies which she uses in her work. She is grateful to the foundation and to Kiva for the opportunity that she and her group are receiving.
Sara es una de estas mujeres, ella nos comenta que se dedica a la peluquería, y que ya tiene una clientela bien definida que siempre acude a ella para solicitarle sus servicios. Ella se define como una persona muy emprendedora y con muchas ganas de salir adelante.
Ella solicita el crédito para la compra de tintes, shampoo, enjuagues, esmaltes, y demás insumos que ella utiliza en su trabajo. Ella agradece a la fundación y a Kiva por la oportunidad que ella y su grupo están 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