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La Esperanza Group
In this Group: Barnardina Ruiz, Zully , Rogelia, Sixta, Ceferina Ruiz, Gladys, Juana, Eva, Fermina, Nancy, Mirna, Primitiva, Marcelina, Sandra, Iris
Fifteen kilometers from Fundación Paraguaya's Paraguarí office, the 'La Esperanza' (Hope) group met to learn about the Women Entrepreneurs Program and the benefits it offered. The group is comprised of fifteen hardworking women who are in their tenth loan cycle. They work hard to improve the quality of their family's lives. These women will invest the loans, averaging 1,507,000 GS, in their respective businesses.

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
  • 55
    View loans »
    Paraguay Loans Fundraising
  • $33,435,825
    Funds lent in using Kiva
  • 4,695.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of La Esperanza Group's $4,850 loan helped a member purchase thread, corn meal, cheese, eggs, fabric, sugar, flower, vegetables, fruit, dairy, sweets, drinks.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Jan 29, 2010
Feb 20, 2010
Currency Exchange Loss:
Jun 15, 2010