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La Esperanza Group
In this Group: Emilia, Fidelina, Rumilda, Elsa, Liliana, Teresa, Mirian, Teofila, María, Ana, Prixilia, Trifina, Elva, Laura, Nilsa, María, Marcelina, Miguela, Rosa*, Florentina*
* not pictured
The committee called “La Esperanza” (The Hope) was established more than a year ago so that the members could access credit and other services offered by Fundacion Paraguaya. The group consists of different neighbors who have known one another for several years. They are accustomed to the habit of meeting every Sunday afternoon so that they could help one another and learn how to build their committee.


Sra. Emilia is one of the members who sell clothing. With the arrival of a new season, she wants to increase her earnings by purchasing in quantity so that she can obtain the wholesale price. By acquiring clothes for spring and summer at a lower cost, she hopes to generate more revenue. Emilia has been in this business for some time and wants to continue so that she can help with the family expenses.


Her vending post is located at her house, but she also travels to the homes of her acquaintances to sell her merchandise. Emilia finds different ways of selling her goods in order to increase her profits. She says the loans have helped her replenish her inventory.

View original language description ↓

El comité La Esperanza nace hace poco mas de 1 año para tener acceso al crédito y demás servicios que ofrecen la fundación.
Se unieron varias vecinas que se conocen desde hace varios años y a partir de ahí tomaron el habito de reunirse todos los domingos por las tardes, se ayudan bastante y todas juntas están aprendiendo a construir su comité.
La Sra. Emilia es una de las integrante y se dedica a la venta de ropas y teniendo en cuenta la llegada de la nueva estación deséa incrementar sus ingresos adquiriendo en cantidades a precios de mayoristas, ropas de temporada primavera-verano y así aumentar sus ganancias, abaratando los precios de costo.
Ella se dedica a esta actividad hace bastante tiempo y desea seguir haciendolo ya que le ayuda bastante para los gasto de la familia.
Su puesto de venta lo tiene en su casa y tambien recorre en la casa de conocidos para vender sus mercaderias, ella recurre a distintas formas de vender para aumentar sus ingresos y comenta que los creditos la ayudan para renovar sus mercaderias.

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
  • 17
    View loans »
    Paraguay Loans Fundraising
  • $29,311,225
    Funds lent in using Kiva
  • 4,756.6
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of La Esperanza Group's $2,600 loan helped a member purchase seasonal clothing.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 23, 2010
Listed
Sep 21, 2010
Currency Exchange Loss:
Covered
Ended:
Dec 15, 2010