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Nueva Esperanza Group
In this Group: María Ignacia, Carina Iluminada, Sully Marilin, Inmaculada, Catalina, Mariela, Olga Concepción, Cyntia Marlene, Blanca Aurora, María Juliana, María Fátima, Herminia, Liz Andrea, Luisa , Blasida Florilina, Crispina Teresa, Zubilda E.*, Liz Mariela*
* not pictured
The Nueva Esperanza gropu is made up of 18 women who decided to form a solidarity group for lending, in hopes of improving their lives. The group is in its first loan cycle and all the members are hardworking and responsible women who are committed to supporting one another.

Sully is requesting a loan to purchase a variety of plants to sell, such as roses, orchids, and daisies. Through her hard work she hopes to contribute financially to her family's wellbeing.

Although this is the group's first loan request, all the women have responsibly repaid previous loans, according to their credit history and references. They hope to receive the support of Kiva and Fundación Paraguaya.
View original language description ↓
El comité Nueva Esperanza es un grupo integrado por 18 señoras que decidieron formar un comité solidario, cada una con un sentimiento de superación. Están actualmente en el 1er ciclo. Son muy tabajadoras, unidas y responsables.
La Sra. Sully solicita el crédito para la adquisición de plantas en sus variedades, rosas, orquídeas, margaritas, etc. y destinarlos a la reventa, de esta forma espera poder brindar una ayuda económica a su familia, con el fruto de su sacrificio.
Si bien este es el primer crédito que solicitan, todas son mujeres muy responsables en sus pagos según las referencias y los antecedentes crediticios que poseen, por eso esperan contar con el apoyo de Kiva y Fundación Paraguaya.

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
  • 60
    View loans »
    Paraguay Loans Fundraising
  • $27,639,125
    Funds lent in using Kiva
  • 3,980.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Nueva Esperanza Group's $2,325 loan helped a member to buy a variety of plants.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 20, 2011
Listed
May 22, 2011
Currency Exchange Loss:
Covered
Ended:
Sep 15, 2011