Santa Ines Group
Nancy is one of the members who is a good hair stylist and is helping her family through this profession. Nancy’s goal is to work hard and continue growing through this effort. She says that this group is very united and that they help one another.
She is asking for this loan to be able to invest in shampoo, rinses, scissors, and other supplies to be able to continue working and supporting her family.
Nancy es una de las miembros, ella es una muy buena peluquera, por medio de esta profesión está ayudando a su familia. La meta de Nancy es trabajar duro y por medio de ese esfuerzo seguir creciendo. Comenta que su grupo es muy unido y que se ayudan las unas a las otras.
Ella solicita de este crédito para poder invertirlo en la compra de tintes, shampoo, enjuagues, tijeras, y demás insumos para poder seguir trabajando y ganándose el sustento de ella y la de su familia.
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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