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Nueva Esperanza Group
In this Group: Teresa, Fátima, Yolanda, Nancy, Gloria, Nilda, Celia, Julia, María, Zulma, Nancy, Rosa, Susana, Veronica, Balbina, Honorario, Lucina, Aurora, Nidia, Beatriz*, Elisa*, Agueda*
* not pictured
This group is called “Nueva Esperanza" ["New Hope"]. They are in their fifth cycle and have 22 members. The group is known in its neighborhood for the solidarity and responsibility they share. In case one member struggles to make a repayment, they carry out activities to benefit the group fund.

One member is Ms. Teresa, who sells second-hand clothing. She has a room in her house where she displays the clothing she has, and this is how she offers it to her customers. She notes that certain times are good for sales, especially when she has new merchandise and a good variety to catch the attention of people who will come, ask questions, and purchase. She is requesting this loan to buy bundles of second-hand clothing.
View original language description ↓
El comité se denomina “Nueva Esperanza “están en el Quinto Ciclo con 22 integrantes, es un grupo que se destaca en el barrio por ser muy unidas solidarias y responsable entre ellas, realizan actividades para el fondo del grupo en caso de que alguna compañera este con dificultades de pago.
Una de las integrantes es la señora Teresa quien se dedica a la venta de ropas de segunda mano.
Ella en su casa en un salón que posee expone las ropas que tiene, y así ofrece a sus clientes.
Comenta que hay temporada con buena venta especialmente cuando hay mercaderías nuevas y variadas ya que atraen la atención de la genta y llegan, preguntan y compran.
Es por este motivo que solicita el préstamo para la compra de fardo de ropas de segunda.

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
  • 74
    View loans »
    Paraguay Loans Fundraising
  • $30,816,725
    Funds lent in using Kiva
  • 4,900.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Nueva Esperanza Group's $2,950 loan helped a member to buy bundles of second-hand clothing.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 20, 2010
Listed
Oct 22, 2010
Currency Exchange Loss:
Covered
Ended:
Feb 16, 2011