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Nueva Esperanza Group
In this Group: Olga, Lourdes, Maria, Benigna, Blanca , Maria, Aquilina, Francisca, Mirna, Maxima , Lilian, Catalina, Cipriana, Gloria, Laura
This group is in its first cycle: essentially, they are following the steps to qualify for the first cycle.

Ms. Olga B. is a member of this group. She is 40 years old and has one son. She runs a small bakery in her house, on top of selling quiniela (football pools) in her house at the request of her customers.

Her husband works with her: his task is to prepare the bakery products she then serves to their customers. Her house, located in Zeballos Cue, is not very big, therefore she is saving in order to succeed in building an extra room for her shop.

The loan she is requesting will be used to buy tools for her bakery: a mixer and a kneading machine.

Note: There are several extra people in the photo since some of the women were accompanied by their daughters the day the photo was taken.
View original language description ↓
El presente comité se encuentra, en su primer ciclo actualmente se encuentran desarrollando las capacitaciones del primer ciclo.

En el grupo se encuentra la Sra. Olga B. que con sus 40 años tiene 1 hijo, ella tiene una pequeña panadería en su domicilio, además vende quiniela (juego de azar) en su casa por pedidos de sus clientes.

Su marido es el encargado de preparar con ella los panificados y ella luego atiende al cliente. Tiene una casa no muy grande en el barrio Zeballos Cue de Asunción, motivo por el cual esta ahorrando para poder construir una pieza más para su negocio.

Ella solicita el préstamo para la compra de herramientas para su panadería una mezcladora y amazadora.

Nota: Hay algunas personas extras en la foto porque algunas señoras estaban con sus hijas el dia que se sacó la foto.

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
  • 43
    View loans »
    Paraguay Loans Fundraising
  • $29,534,300
    Funds lent in using Kiva
  • 4,720.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Nueva Esperanza Group's $1,025 loan helped a member to buy a mixer and a kneading machine.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 25, 2010
Listed
Jun 23, 2010
Currency Exchange Loss:
Covered
Ended:
Sep 15, 2010