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Nueva Esperanza I Group
In this Group: Yohana, Francisca, Graciela, Elvira, Claudia, Nancy, Lidia, Aída, Saturnina, María , Celsa, Lorenza, Teresa, María, Mirian, Silvia, Justina, Magdalena
The committee Nueva Esperanza (“A New Hope”) was formed on July 2nd, 2008, and is made up of eighteen women from the city of Itá. This group formed thanks to Mrs. Nancy S., who talked to a loan officer in the area about starting a group in the Women Entrepreneurs program. She was very enthusiastic and anxious to be able to work with this program, and the group is now in their fourth cycle with the Fundación Paraguaya.

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

Additional Information

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.

About Paraguay

  • $8,400
    Average annual income
  • 128
    View loans »
    Paraguay Loans Fundraising
  • $31,646,450
    Funds lent in using Kiva
  • 5,030.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Nueva Esperanza I Group's $2,550 loan helped a member the purchase of: materials for making clothes, grocery store merchandise, ingredients for making food, recycling products, meats, fabrics, fruits, vegetables, general store items, plants, etc.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 18, 2009
Listed
Jul 1, 2009
Currency Exchange Loss:
Covered
Ended:
Oct 15, 2009