Mujeres Unidas Group
One of these women, Jacinta, makes a living with a beauty salon. She's a very good worker in what she does because she makes a lot of effort to give her customers good service. Jacinta wants to continue working to be able to expand her business and employ other people as well.
She's requesting this loan to buy dye, shampoo, hairspray, and other products.
The group is happy about the help it's receiving from Kiva and Fundación Paraguaya.
Una de estas mujeres es la Sra. Jacinta, quien se dedica a la peluquería. Es una trabajadora muy buena en lo que hace, ya que se esfuerza mucho para dar a sus clientes un buen servicio. Jacinta quiere seguir trabajando para poder agrandar su negocio y poder dar trabajo a otras personas también.
Solicita de este crédito para la compra de tintes, shampoo, spray y demás. El grupo está contento por la ayuda que está recibiendo de Kiva y de fundación paraguaya.
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