One of the members of this group is Carmen who is a hairdresser. She has a business with the minimum equipment she needs to be able to do her work well. Thanks to her business, she is able to support and help her family.
Carmen is requesting a loan to buy hairspray, shampoo, conditioner, scissors, combs and other supplies so that she can stock her business and thereby be able to continue providing a good service to her customers.
Una de las integrantes del grupo es Carmen, quien se dedica a la peluquería. Tiene un negocio con lo mínimo que se necesita para poder hacer bien su trabajo, es gracias a su negocio que puede mantener y ayudar a su familia.
Ella solicita el crédito para la compra de spray, shampoo, enjuagues, tijeras, peines y demás insumos para poder surtir su negocio y así poder seguir brindando un buen servicio a sus clientes,
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