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La Esperanza Group
In this Group: Jacinta, Arminda, Dorila, Angela, Agustina, Marciana, Demetria, Eva, Regina, Rosana, Severiana, Teresa, Ermelinda, Alicia, Damiana, Germina, Maria, Patricia, Luciana, Zulma
This superb group of women is called 'La Esperanza' (Hope). The group was formed in the city of Ita by the current Director General, Jacinta González, whose business is selling meals. She contacted the advisor during a weekly meeting that she had in the area to find out how the 'Comité de Mujeres Emprendedoras' (Committee of Enterprising Women) works. The group now has 15 female members who are very happily working on their third loan cycle.

Jacinta is requesting this loan through Kiva to buy the supplies she needs to prepare her meals (baked goods, meat, condiments, cereals, noodles, rice, etc.) as these food products are necessary in order to meet her customers' needs and to help herself and her family climb out of the poverty in which they currently live.
View original language description ↓
La Esperanza se denomina el excelente grupo de mujeres conformado en la ciudad de Ita, gracias a que la actual Directora General la Sra. Jacinta G., quien se dedica a la venta de comida, contactó con la asesora en una reunión semanal que la misma tenía en la zona, para informarse de la forma de trabajo que tiene el Comité de Mujeres Emprendedoras, ahora son 15 mujeres que se encuentran trabajando muy a gusto ya en el 3° ciclo.
La sra. Jacinta solicita el préstamo de los inversionistas mediante Kiva, para la compra de los insumos necesarios para preparar comidas (panificados, carnes, condimentos, cereales, fideos, arroz, etc.), pues solo proveyéndose de comestibles podrá satisfacer las necesidades de sus clientes y ayudar a su familia y a ella misma a superar la pobreza en la que viven.

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
  • 70
    View loans »
    Paraguay Loans Fundraising
  • $30,204,950
    Funds lent in using Kiva
  • 4,260.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of La Esperanza Group's $2,825 loan helped a member to buy supplies for preparing meals (baked goods, condiments, cereals, noodles, rice and meat).
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 25, 2011
Listed
Mar 20, 2011
Currency Exchange Loss:
Covered
Ended:
Jul 15, 2011