This communal bank is called Oñondivepa, which means "everyone together." This group has this name because the 10 women joined together and wanted to be able to work to advance. Thanks to their effort, they are now in their fourth loan cycle. They want to be able to continue working.
Valeria is one of these women, who in the course of the loan cycles has learned how to continue improving her work, which is a beauty salon, and thus she is getting ahead. Her group has been a lot of help to her, since she has learned a lot. She is applying for this loan to be able to buy shampoo, rinses, dyes, and other supplies to use in her business and to continue giving good service and good quality work.
El Comité se llama Oñondivepa, que significa, todas juntas. Este grupo lleva ese nombre, ya que las 10 mujeres se unieron y quieren poder trabajar para salir adelante. Gracias a su esfuerzo ya están en su cuarto ciclo quieren poder seguir trabajando.
Valeria es una de estas mujeres, que con el correr de los ciclos ha aprendido como ir mejorando su trabajo, el cual es una peluquería, y así está saliendo adelante. Su grupo le ha sido de mucha ayuda ya que ha aprendido mucho. Solicita de este crédito para poder comprar shampoo, enjuagues, tintes y demás insumos para utilizar en su negocio y seguir dando un buen servicio y buena calidad.
About Fundación Paraguaya
Fundación 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.