Las Amigas Group
Catalina, who is a part of this group, says that she sells beauty products and also has a hair salon in her house and sells cleaning products. The big effort she makes must be noted. She is a very hardworking woman who knows that the only way to get ahead is working and struggling.
Catalina is asking for this loan to buy materials for his hair salon, such as shampoo, rinses, dyes, creams and more. It will help her to firm up her business plan. She is happy for the opportunity that all of them are receiving.
Catalina quien es parte de este grupo cuenta que vende de productos de belleza, también se dedica a la peluquería en su casa y a la venta de productos de limpieza. Se debe destacar el gran esfuerzo que hace ella, ya que es una mujer muy trabajadora, que sabe que la única forma de salir adelante es trabajando y luchando.
La Sra. Catalina pide de este crédito para la compra de insumos para su peluquería, como ser shampoo, enjuagues, tintes, cremas y demás, la ayudará a concretar su plan de negocio. Ella está contenta por la oportunidad que están recibiendo todas.
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