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La Esperanza Group
In this Group: Nancy, Damacia, Nancy, Dominga, Ida, Myrian, Daniela, Elvira, Graciela, Myrian, Mirta, Celia, Lucia, Ana, Carmen, Del Rosaria, Ninfa, Luciana, Adolfina*, Silvia*, Myriam*
* not pictured
Mrs. Nancy C. took the initiative to form this group. She lives in the Barrio San Miguel area of the Cuidad del Este. She contacted Mrs. Flavia Coronil to form the committee in the area and then got together with her friends and neighbors to put together the group in her community. The committee is called “La Esperanza” (Hope) and is in the third cycle with 21 members. It is a group that stands out in the neighborhood for being very united and responsible.
Mrs. Nancy makes a living buying and selling silver jewelry. This business bring good income because she is practically the only person in her area that does this kind of work and also because her prices are very affordable to her customers. She is well known in her area.
She supports her family with this income and therefore wants to increase it in order to bring a better quality of life to her family members. She is requesting this loan to purchase more silver.
View original language description ↓
Para la formación el presente comité tuvo la iniciativa la Señora Nancy C., quien vive en la zona del Barrio San Miguel de Ciudad del Este. Ella contactó a la señora Flavia Coronil para formar el comité en la zona, y luego se reunió con sus vecinas y amigas para formar el grupo en su comunidad.
El comité se denomina “La Esperanza” y está en el Tercer Ciclo con 21 integrantes, es un grupo que se destaca en el barrio por ser muy unidas y responsables entre ellas.
La sra. Nancy se dedica a la compra y venta de plata para joyas, este negocio le trae muchas ganancias debido a que practicamente es la única en su zona que se dedica a este rubro y también debido a que sus costos son muy accesibles para los clientes, es muy reconocida en su región.
Ella mantiene a su familia mediante estos ingresos por ello desea poder aumentarlos para brindar una mejor calidad de vida a sus familiares, solicita el crédito para comprar más platería.

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
  • 61
    View loans »
    Paraguay Loans Fundraising
  • $29,035,975
    Funds lent in using Kiva
  • 4,280.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of La Esperanza Group's $3,800 loan helped a member to purchase silver for rings, earings, bracelets, chains, etc..
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 23, 2011
Listed
Apr 21, 2011
Currency Exchange Loss:
Covered
Ended:
Jul 15, 2011