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Esperanza Group
In this Group: Emerita, Inocencia, Rafaela, Fidela, Bruna Wilfrida, Victoriana, Ramona, Maria Petrona, Carlina, Maria Estela, Ida Elizabeth, Celia, Maria Lucia, Liz Rosana, Luz Marina, Mirta Estela, Marta Colman
This committee was formed in Caaguazú, when Emerita Quiñonez invited a group of women to come together when she learned about the Women’s Entrepreneurship program. She gathered 17 women, all of whom were enthusiastic about working together to take out a loan to improve their businesses. All of the women already had jobs, as venders of clothing, shoes, jewelry, fruits and vegetables. They decided to use their loan to invest further in their businesses, and received between PYG1,200,000 and PYG300,000 each depending on the size of their business. They used their loans to buy sugar, meat, flour, eggs, noodles, cheese, candy, and clothing, including jeans, shirts, skirts, lingerie. They share a common goal to improve their businesses and their lives, for themselves and for their families.

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

  • $4,555
    Average annual income
  • 40
    View loans »
    Paraguay Loans Fundraising
  • $28,194,925
    Funds lent in using Kiva
  • 4,775.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Esperanza Group's $2,175 loan helped a member to purchase merchandise.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 26, 2009
Listed
Nov 24, 2009
Currency Exchange Loss:
Covered
Ended:
Mar 15, 2010