Nueva Esperanza I Group
The average credit given to an individual in the committee is 800,000 Paraguayan guarani. The participants use their credit towards their respective activities.
1 Yohana V.--Clothing making/sales
2 Francisca B. --Clothing sales
3 Graciela D.--Dressmaking
4 Elvira A.--Plant sales
5 Claudia C.--Food sales and recycling
6 Nancy S.--Clothing making/sales
7 Lidia S.--Small grocery store
8 Aída S.--Clothing, fruit and vegetable sales
9 Saturnina Benítez--Meat sales
10 María R.--Purchase and sale of recycling
11 Celsa J.--Fruit sales
12 Lorenza F.--Small grocery store
13 Teresa L.--General store
14 María D.--Food sales
15 Mirian C.--Fruit and vegetable sales
16 Silvia R.--Dressmaker
17 Justina G.--Clothing sales
18 Magdalena R.--Food sales
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