La Amistad Group
Edith is the president of this group. She’s a hairdresser and says that she has the means to help her family, thanks to her work. She tells us that it was difficult at first, but the path opened up over time and now she has a good customer base to which she provides good service.
She is asking for this loan to buy shampoo, rinses, tints, chemical products, and other supplies so that she can continue providing good service to her customers.
Edith es la presidenta de este grupo, ella es peluquera, y comenta que gracias a su trabajo está teniendo los medios para poder ayudar a sus familiares, ella cuenta que al principio fue duro, pero fue abriéndose camino y hoy en día ya cuenta como una clientela bien definida, a quien atiende y da un buen servicio.
Ella solicita el crédito para la compra de shampoo, enjuagues, tintes, productos químicos y demás insumos para poder seguir dando 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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