La Alegría Group
One of the members is Paulina who helps her family with everything they need through her beauty salon. Her business added to her work and the good service she provides, have resulted in her doing very well and earn good income. She wants to continue investing in her business so is asking for help from Kiva and the Fundación.
She wants to buy indispensable supplies for her beauty salon like: hair coloring, sprays, scissors, combs, client gowns for haircuts and others. She thanks Kiva and the Fundación ahead of time for the opportunity they give her.
Una de las miembros es la señora Paulina, ella por medio de la peluquería que tiene ayuda a su familia con todo lo que ellos necesitan. Su negocio, sumado a su trabajo y buena atención hace que le vaya muy bien y genere buenos ingresos. Ella quiere seguir invirtiendo en su negocio por lo que solicita la ayuda de kiva y de la fundación. .
Desea comprar los insumos indispensables para su salo, como ser: tintes, sprays, tijeras, peines, batas para los cortes y otros. Agradece de antemano a kiva y también a la fundación por esta oportunidad que le dan.
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