Panambi 2 Group
Nilsia is one of the women who make up the group. She has a little beauty salon where she performs all kinds of services such as makeup, manicures, and hair styling. She is a very talented person who is getting ahead thanks to her abilities. She wants to enlarge her business and in the future be able to provide work for other people.
She is asking for this loan to be abel to invest it in buying nail polish, dyes, shampoo, conditioners, makeup and more. This way, she will have the supplies she needs to keep offering a good service to her customers. They are all grateful for the opportunity they and their friends are getting.
Nilsia es una de las mujeres que integran este grupo, ella tiene un pequeño salón de belleza en el que hace todo tipo de servicios, como ser maquillajes, manicura, y arreglos en cabellos. Ella es una persona muy talentosa y que esta saliendo gracias a la habilidad que tiene. Ella quiere ir agrandando su negocio y el día de mañana poder dar trabajo a otras personas.
Solicita de este crédito para poder invertirlo en la compra de esmaltes, tintes, shampoo, enjuagues, maquillajes y demás, con lo que podrá tener los insumos que necesita para poder seguir prestando un buen servicio a sus clientes. Agradecen por la oportunidad que ellas y sus amigas estan teniendo.
More information about this loan
This loan is part of the innovative “Poverty Stoplight” program developed by Fundación Paraguaya for women living in poverty. A “stoplight” measurement tool is used to help borrowers self-identify the type of poverty that affects them most (lack of income, dearth of financial opportunities, poor living conditions etc.). Borrowers rate 50 areas of their life as green (not poor), yellow (poor) or red (extremely poor). Together with their loan officer, they come up with a plan to resolve yellow and red indicators. Through this program, Fundación Paraguaya hopes to lift 9,000 women and their families out of poverty by 2017.
To learn more about this unique approach to eliminating poverty, you can read this article on Fundación Paraguaya’s website.
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