La Esperanza Group


Status: Paid Back

$3,525.00   Loan Request
$3,525.00   Paid Back

About the Group

Group Name: La Esperanza Group
Group Members: Angela Esquivel
Eva Silva
Juana Ramírez
Norma Benítez
Gladys Chávez
Ceferina Ruiz
Numidia Ramirez (not pictured)
Mirtha Esquivel
Marcelina Centurión
Sixta Cabañas (not pictured)
Rogelia Gimenez
Olga Aguayo
Sandra Oviedo
Zully Gómez
Bernardina Ruiz Diaz
Location: Paraguari, Paraguay
Activity: Retail

About the Loan

Loan Amount: $3,525.00
Loan Use: To purchase meat, drinks, baked goods, cooking oil, pasta, rice, flour, dairy products, fruits and vegetables in general, yeast, chemicals to make cleaning products, ingredients for making ice cream, sugar, etc.
Repayment Term: 6 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Oct 1, 2008
Date Disbursed: Oct 16, 2008
Date Funded:Oct 2, 2008
Loan Ended:Mar 16, 2009

About the Country

Country:Paraguay
Avg Annual Income:$4,555.00
Currency:Paraguay Guarani (PYG)
Exchange Rate:3,990.0000 PYG = 1 USD



The CME, La Esperanza, is located in the San Francisco neighborhood in the city of Yaguaron, 15km from the city of Paraguari. It is currently in the fifth cycle of the program and is highly qualified. Of the 15 women who make up the group, 12 are already receiving a loan in the amount of 1,000,000 Gs.



These women are housewives but also run their microbusinesses in order to generate more income for their families. Bernardina is a traveling saleswoman, selling different types of merchandise, particularly clothes and household items. Zully sells fruits and vegetables, and Sandra Oviedo and Eva Silva are domestic employees who are planning to also become saleswomen.



Olga Aguayo is a seamstress, making different kinds of dresses and office uniforms. Rogelia sells cheese, eggs and corn flour. Sixta sells delicious fast food that she makes herself, while Marcelina is an excellent hairdresser.



Mirtha Esquivel sells cleaning products that she makes herself. Her main customers are neighbors from her neighborhood. Numidia Ramirez, Gladys Chavez and Angela Esquivel all sell food. Finally, Ceferina has a lovely kiosk, Norma Benitez has a bakery, and Juana Ramirez sells ice cream and fast food.



All of these women want to thank the Fundacion Paraguaya for the opportunity it gives them to increase their capital, their income, and finally to improve the quality of life for their families.


Translated from Spanish by Alison Rives, Kiva Volunteer


El CME La Esperanza se encuentra en el Barrio San Francisco de la ciudad de Yaguarón distante a 15Km de la ciudad de Paraguarí. Actualmente se encuentran en el quinto ciclo del programa con una calificación excelente, de las 15 mujeres quienes integran el grupo 12 de ellas están accediendo ya a un crédito de Gs. 1.000.000.



Estas señoras son amas de casa y llevan además adelante sus microempresas para poder generara mayores ingresos a sus familias. Bernardina es vendedora ambulante, ella vende distintos tipos de mercaderías especialmente ropas y cosas para el hogar; Zully vende frutas y verduras y Sandra Oviedo y Eva Silva son empleadas domésticas que tienen pensado dedicarse en paralelo a sus actividades a la venta.



Olga Aguayo es costurera y realiza distintos tipos de vestidos y uniformes para oficinas; Rogelia vende queso, huevos y harina de maíz. Sixta vende deliciosas comidas rápidas que ella misma prepara mientras que Marcelina es una excelente peluquera.



Mirtha Esquivel vende productos de limpieza que ella misma elabora, sus principales clientes son sus vecinos de barrio; Numidia Ramírez posee una despensa que ella misma administra al igual que Gladys Chávez y Ángela Esquivel. Por último tenemos a las señoras Ceferina que tiene un bello kiosco, Norma Benítez que tiene una panadería y Juana Ramírez que se dedica a la venta de helados y comidas rápidas.



Todas estas mujeres agradecen a la Fundación Paraguaya por la oportunidad que les da para aumentar su capital de trabajo, mejorando sus ingresos y por ende la calidad de vida de sus respectivas familias.




About Group Loans
In a group loan, each member of the group receives an individual loan but is part of a group of individuals bound by a group guarantee. Under this arrangement, each member of the group supports one another and is responsible for paying back the loans of their fellow group members if someone is delinquent or defaults. Learn more


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Journal entries for La Esperanza Group


Loan has been disbursed
 
Entrepreneur: La Esperanza Group
Location: Paraguari, Paraguay

Thank you for your loan. It has been disbursed to the La Esperanza group, consisting of Bernardina Ruiz Diaz, Zully Gómez, Sandra Oviedo, Olga Aguayo, Rogelia Gimenez, Sixta Cabañas, Marcelina Centurión, Mirtha Esquivel, Numidia Ramirez, Ceferina Ruiz, Gladys Chávez, Norma Benítez, Juana Ramírez, Eva Silva, Angela Esquivel by Fundación Paraguaya in Paraguay. We are excited to watch this business grow. Over the next 4 months, Fundación Paraguaya will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by Denysse Figueredo from Paraguari, Paraguay
Oct 10, 2008
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Kiva Help Repayment Schedule for La Esperanza Group

  Expected Repayments Actual Repayments Comments
January 2009 $881.25 $881.25 Repayment Received
February 2009 $881.25 $881.25 Repayment Received
March 2009 $881.25 $881.25 Repayment Received
April 2009 $881.25 $881.25 Repayment Received