La Amistad Group
One member, Vidalina, has been a hairdresser for several years, and already has her own clientele. She seeks to satisfy the needs of her clientele, so that she can also meet her basic needs with the money that this work generates.
She needs the loan to be able to buy products for her salon, such as hair creams, combs, brushes, hair dyes, nail polishes, etc. These are what she needs to meet the demands of her customers, who are fussy.
Una integrante, Vidalina, es peluquera hace varios años y ya tiene su propia clientela. Ella busca satisfacer las necesidades de su clientela para poder también satisfacer sus necesidades básicas con el dinero que le genere esta actividad.
La señora necesita el crédito para poder comprar los productos del salón como cremas para pelo, peines, cepillos, pinturas, esmaltes, etc lo necesario para poder cumplir con las demandas de las clientes que son puntillosas.
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