Mercedes is part of this group, and explains that she is a hairdresser. She has a small beauty salon where she provides very good customer service. She has built up a very good customer base because she is very kind and attentive. Her goal is to be able to continue expanding her business and to be able to give work to others who need it.
Mercedes is requesting this loan for the purchase of supplies to stock her salon, such as dyes, files, rollers, scissors, shampoo, and more. This will help her to solidify her business plan, which will allow her to improve her income.
Mercedes formar parte de este grupo, y comenta que es peluquera, y que tiene un pequeño salón de belleza en el que trabaja atendiendo muy bien a sus clientes. Se ha hecho de muy buena clientela, ya que ella es una persona muy atenta y amable, y eso gusta mucho. Su meta es poder seguir creciendo y también poder dar trabajo a otras personas que necesitan.
La Sra. Mercedes Solicita de este crédito para la compra de insumos para surtir su peluquería, como ser tintes, limas, ruleros, tijeras, shampoo y demás, lo que le ayudará a tener a concretar su plan de negocio, el cual le ayudará a mejorar sus ingresos.
More information about this loan
This loan is part of the innovative “Poverty Stoplight” program developed by Fundación Paraguaya for women living in poverty. A “stoplight” measurement tool is used to help borrowers self-identify the type of poverty that affects them most (lack of income, dearth of financial opportunities, poor living conditions etc.). Borrowers rate 50 areas of their life as green (not poor), yellow (poor) or red (extremely poor). Together with their loan officer, they come up with a plan to resolve yellow and red indicators. Through this program, Fundación Paraguaya hopes to lift 9,000 women and their families out of poverty by 2017.
To learn more about this unique approach to eliminating poverty, you can read this article on Fundación Paraguaya’s website.
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