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Nueva Esperanza Group
In this Group: Francisca , Justo , Juana, Angela, Apolonia, Dolly, Cinthia, Norma, Venancia, Pabla, Maria, Sonia, Juana, Nelida, Katia*, Veronica*
* not pictured
The Nueva Esperanza ("New Hope") group is from the Villa Salvador neighbourhood in the city of Luque and are working in the Comite de Mujeres Emprendedoras de la Fundacion Paraguaya ("Fundacion Paraguaya's Committee of Women Entrepreneurs").
One of the members is Francisca C., who sells medicinal herbs in the market area of the city in the mornings. In the afternoons she visits businesses to offer her natural medicines.
She is requesting a loan to invest in the purchase of natural medicines to cover all of her orders.
View original language description ↓
El comité Nueva Esperanza del barrio Villa Salvador de la ciudad de Luque y se encuentran trabajando dentro del Programa Comité de Mujeres Emprendedoras de la Fundación Paraguaya.

Una de las integrantes es la señora Francisca C. quien se dedica a la venta de hiervas medicinales en la zona del mercado de la ciudad por la mañana por la tarde recorre varios negocios para ofrecer sus medinas naturales.
Ella solicitó el préstamo para invertir en la compra de mas medicinas naturales así podrá cubrir todos los pedidos que tiene

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
  • 49
    View loans »
    Paraguay Loans Fundraising
  • $28,129,575
    Funds lent in using Kiva
  • 4,725.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Nueva Esperanza Group's $1,550 loan helped a member natural medicines.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 17, 2010
Listed
Jun 17, 2010
Currency Exchange Loss:
Covered
Ended:
Sep 15, 2010