El Progreso Group
One of the group members is Honorina who is a manicurist. She comments that she has a lot of work because she has many customers who always seek out her services. She defines herself as a very hardworking, enterprising and, above all, tenacious woman. She strives daily to support her family and give them a better standard of living.
She is asking for help from Fundación Paraguaya and from Kiva to buy nail polish, emery boards and other products and supplies for her work. She thanks the Fundación for the opportunity it gives her.
Una de las miembros del grupo es la señora Honorina, quien se dedica a la manicura. Ella comenta que tiene mucho trabajo, pues tiene muchos clientes que siempre le solicitan sus servicios. Ella se define como una mujer muy trabajadora, emprendedora y por sobre todo muy luchadora. Ella lucha diariamente por mantener a su familia y darles un mejor estilo de vida.
Ella solicita la ayuda de fundación paraguaya y de kiva para la compra de esmaltes para uñas, limas, y demás productos e insumos para su trabajo. Agradece a la fundación por la oportunidad que esta le da.
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