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Nuevo Horizonte Group
In this Group: Zulma, Luz Raquel, Paulina, Jazmín, Reinera, Cresencia, Nicolasa, Dorca, Laura , Romina, Liz Marlene, Lilia, Claudelina, Alba, Nilda
The New Horizon group was started a couple of years ago after another group from the same area ended. Since the first weekend it was formed, its members have been working to pay off the loan they have obtained. They are very happy with their ability to organize and progress as a community. The ladies that make up the group sell food in their neighborhood. On average each member has received $1,000,000 Paraguayan guaranies (~$200 USD) which will be used to buy items that will be sold at their respective businesses.
View original language description ↓
El comité Nuevo Horizonte nació hace un par de años después de finalizar otro comité que se encontraba trabajando en la misma zona.
Desde el primer fin de semana de su conformación las integrantes están realizando actividades de tal forma a cancelar correctamente el crédito que obtuvieron. Están muy contentas ante la posibilidad de organizarse y progresar de manera comunitaria.
Las señoras que integran este comité se dedican a la venta de comidas en el barrio.
En promedio reciben cada una 1,000,000 Gs., el cual será invertido en la compra de artículos que posteriormente serán vendidos en sus respectivas actividades comerciales.

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
  • 67
    View loans »
    Paraguay Loans Fundraising
  • $28,811,550
    Funds lent in using Kiva
  • 4,590.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Nuevo Horizonte Group's $2,750 loan helped a member to buy soft drinks, wine, beer, sugar, maté, noodles, rice, oil, bread, etc.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 5, 2011
Listed
Feb 1, 2011
Currency Exchange Loss:
Covered
Ended:
May 15, 2011