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Nuevo Horizonte Group
In this Group: Maria Jacinta, Digna, Dolores, Maria, Maximina, Dorotea, Digna, Dora, Yenny, Rocio, Leticia, Miguelina, Zunilda, Nancy, Noelia
The ‘New Horizon’ Women’s Committee was formed by a group of women, all of who live in the same neighborhood. They all worked in “clorinderas” – transporting goods across the border into Paraguay. They saw a need for a greater quantity and diversity of goods, and an opportunity to make profit. All women already have their own established businesses, except for two who are starting new enterprises.

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
  • 70
    View loans »
    Paraguay Loans Fundraising
  • $30,204,950
    Funds lent in using Kiva
  • 4,750.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Nuevo Horizonte Group's $950 loan helped a member merchandise.
100% repaid
Repayment Term
4 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 6, 2009
Listed
Nov 26, 2009
Currency Exchange Loss:
Covered
Ended:
Feb 21, 2010