Mujeres Unidas Group
One of the members is Sra. Mercedes, who also serves as the president of the group. She is a dynamic and hardworking woman who manages a beauty salon. Mercedes also sells cleaning products and reloadable cards for mobile phones. She is a hardworking and determined individual who strives each day to get ahead because of her desire to grow.
Mercedes is requesting a loan so that she can restock her beauty salon with shampoo, rinses, dyes, nail polishes, and other supplies in order to continue providing good service to her customers. She also wants to see her community continue its growth and provide greater security for families.
Una de las integrantes de este grupo es la Sra. Mercedes, ella también es la presidenta de este grupo, es una mujer muy dinámica y trabajadora, tiene un salón de belleza, también vende producto de limpiezas y vende cargas para celulares. Es una persona muy trabajadora y luchadora que cada día mira para adelante con ganas de ir creciendo.
Solicita de este crédito para poder surtir su salón de belleza con shampoo, enjuagues, tintes, esmaltes y demás insumos que le permitirá seguir dando un buen servicio a sus clientes. Ella quiere también que su comunidad vaya creciendo y pueda ofrecer una mayor seguridad a las familias.
More information about this loan
This loan is designed for poor clients living in rural areas with high levels of crime and social conflict. These clients, working primarily in agriculture, are often ineligible for credit from formal financial institutions because of the high-crime area they live in, their lack of adequate collateral (like a land title), and the likelihood of low agricultural production due to bad weather or pests. Fundación Paraguaya is committed to serving these clients with loans and other wraparound services tailored to their needs. It also provides clients working in agriculture with access to discounted training courses at a local agricultural school to teach them how to improve their crop yields.
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