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Nuevo Amanecer Group
In this Group: Pablina, Luciana, Mariza, Celia, Nancy, Elena, Herminia, Alma, Antonia, Nicasia, Mónica, Ramona, Evangelina, Claudia, Jessica, Reina, Perla*, María*
* not pictured
The “Nuevo Amanecer” (New Dawn) Communal Bank is an excellent group that was formed on July 6th, 2010. The group is comprised of 18 women from the city of Ita.

It is a very active group, and all of the members demonstrate companionship and solidarity. They attend the weekly meetings, and they carry out activities to raise money for the common good of the group. The majority of the group members are continuing in the same businesses they have had since the first loan. That way they are demonstrating solidarity and companionship.

Pablina is one of the members. She sells bread and honey. She does this two or three times a week, depending on the orders she gets from her customers. She buys the honey that she sells in various areas of the country. The bread is completely home-made. She makes it herself in an oven that she has in her house. Her customers are very satisfied with her products. She is requesting the loan to buy flour, cheese, fat for bread, and other ingredients.
View original language description ↓
El Comité Nuevo Amanecer es un excelente comité conformado el 06 de Julio de 2.010, integrado por 18 mujeres de la Ciudad de Ita.
Es un grupo muy activo, todas las integrantes demuestran compañerismo y solidaridad, asisten a las reuniones semanales y realizan actividades para recaudar fondos para el bien común del grupo.
La mayoría de las integrantes del grupo siguen activas desde el primer préstamo y con eso demuestran solidaridad y compañerismo.
Una de las integrantes es la señora Pablina y se dedica a la venta de pan y miel.
Esta actividad los realiza dos o tres veces a la semana dependiendo de los pedidos que reciben de sus clientes.
La miel que ella vende los compra de varias zonas del país, y el pan es totalmente casero, ella misma los prepara en un horno que tiene en su casa.
Sus clientes están muy satisfechos con sus productos y solicitan el préstamo para la compra de harina, queso, grasa para pan y otros ingredientes.

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
  • 93
    View loans »
    Paraguay Loans Fundraising
  • $30,964,825
    Funds lent in using Kiva
  • 4,960.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Nuevo Amanecer Group's $1,625 loan helped a member to buy flour, fat, and honey.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 28, 2010
Listed
Oct 30, 2010
Currency Exchange Loss:
Covered
Ended:
Mar 15, 2011