La Amistad Group
Edith is is part of this group. She explains that she has a small beauty salon where she takes care of her clients. She says that she has a great clientele; she does very good work, and that helps her to have a good number of clients. Her dream is to be able to have a larger shop where she can employ other people, because she wants to be able to give opportunities to people who need them.
Edith is requesting this loan to purchase hair color, shampoo, rinses, curlers, and other supplies that she needs to be able to provide a good service to her clients. She and her friends in the group are grateful to receive this opportunity from Kiva and Fundación Paraguaya.
Edith forma parte del grupo, y nos dice que tiene una pequeña peluquería donde atiende a todos sus clientes. Comenta que tiene muy buena clientela, ya que hace muy buenos trabajos y eso le ayuda a tener muy buena cantidad de clientes. Su sueño es poder tener un gran local donde pueda dar trabajos a otras personas, ya que desea poder dar oportunidad a las personas que lo necesitan.
Edith solicita el préstamo para la compra de tintes, shampoo, enjuagues, ruleros, y demás insumos que necesita para poder dar un buen servicio a sus clientes. Ella y sus amigas del grupo están agradecidas por la 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