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Nueva Esperanza Group
In this Group: Lorenza, Teresa, Mercedes, Ada, Editt, Ydalina, Ester, Patrocinio, Gricelda, Cristina, Maria , Gloria, Guillermina, Gricelda , Andrea, Victoriana, Ramona
The “Nueva Esperanza” (New Hope) Committee was established out of the entrepreneurial spirit of a group of women who needed to generate more income to improve their quality of life. They will use this loan in different ways depending on the business activities of each member.

Sra. Lorenza provides manicure and pedicure services in her free time. She receives appointment requests over the phone and provides her services in the homes of her clients. Lorenza already has an established clientele and earns a steady income from this line of work. She says that this business generates essential income to help with her family’s expenses. In order to improve her services, she wants to acquire more sophisticated equipment such as distinct types of nail files, callus files, tweezers, and other items. She is requesting a loan to buy this equipment and thanks Kiva for helping people of limited resources who are eager to work.
View original language description ↓
El comité “Nueva Esperanza” se formó en base al espíritu emprendedor de las señoras y por necesidad de generar mas ingresos de sus integrantes para tratar de mejorar su calidad de vida.
Utilizaran el crédito para diversas opciones dependiendo de la actividad a que se dedica cada integrante así como la señora Lorenza quien realiza servicios de manicura y pedicura sus horas libres.
Ella recibe los pedidos por teléfono y hace servicio a domicilio de las clientas, por sus buenos trabajos ya cuenta con clientela formada y un ingreso seguro mediante este trabajo.
Ella comenta que esta actividad genera un ingreso imprescindible para ayudar con los gastos de su familia por ello desea adquirir para mejorar sus servicios herramientas mas sofisticadas como limas de distintos tipos, raspa callos, pinzas, y otros.
Solicita el crédito para la compra de estas herramientas y agradece a kiva por la ayuda que brinda a las personas de escasos recursos pero con ganas de trabajar.

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
  • 56
    View loans »
    Paraguay Loans Fundraising
  • $27,539,600
    Funds lent in using Kiva
  • 4,700.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Nueva Esperanza Group's $1,175 loan helped a member purchase nail files, callus files, tweezers, and other items.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 22, 2010
Listed
Jun 1, 2010
Currency Exchange Loss:
Covered
Ended:
Aug 15, 2010