Mujeres Activas Group
Eladia is group president. She guides her fellow members to strive towards their objectives by managing their credit well. She is a barber and also a pastry chef. She comments that she always has many customer orders and thanks be to God she always has work.
She requested the loan to buy shampoo, rinse, hair coloring, spray and other supplies she may need to be able to continue working. She and her group are very happy for the opportunity they are getting from Kiva and from Fundación Paraguaya.
La Sra. Eladia, es la Presidenta del grupo, ella orienta a sus compañeras a luchar por sus objetivos mediante la buena utilización del crédito. Ella es peluquera y también repostera, nos comenta que siempre está con muchos pedidos de todos sus clientes, y que gracias a Dios, el trabajo no le falta.
Ella solicita el crédito para la compra de shampoo, enjuagues, tintes, spray y demás insumos que pueda necesitar para poder seguir trabajando. Ella y su grupo están muy contentas por esta oportunidad que están recibiendo de Kiva y de fundación paraguaya.
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