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New Hope Group
In this Group: Teresa, Julia, Nancy, Gloria, Celia, Elisa, Nidia, Nilda, Rosa, Nancy, Laura, Susana , Verónica*, Lucina*, Aurora*
* not pictured
The group was formed by Norma of km. 9 Acaray of Ciudad D. Este. She contacted her neighbors and friends to form a group in their community. The name of this group is "Neuva Esperanza", meaning "New Hope". The 15 members of the group are on their fifth loan cycle. It is a group well-known in their community for being very united, supportive, and responsible to each other. They carry out activities for the group fund in case a member ever has trouble with their payment.

IN the case of Nancy, she requests a loan to purchase new and used clothing to keep her business growing, most importantly now that the cold of winter approaches. She dedicates herself solely to this business because it is a secure source of income given the number of good clients whom she has acquired through time.

Today they all hope to prosper with the help of Kiva and Fundacion Paraguaya (Kiva Field Partner).
View original language description ↓
Para la formación D. presente comité, tuvo el inicio la Señora Norma D. km. 9 Acaray de Ciudad D. Este. Ella contactó con sus vecinas y amigas para formar el comité en su comunidad.
El comité se denomina “Nueva Esperanza" están en el Quinto Ciclo con 15 integrantes, es un grupo que se destaca en el barrio por ser muy unidas, solidarias y responsables entre ellas, realizan actividades para el fondo D. grupo en caso de que alguna compañera esté con dificultades de pago.
En el caso de la Sra. Nancy, solicita el crédito para la compra de ropas nuevas y usadas para seguir creciendo en esta actividad, más ahora que se aproxima el frío D. invierno.
Ella se dedica netamente a esto pues es un ingreso seguro que posee debido a la cantidad de buenos clientes que fue adquiriendo a través D. tiempo.
Hoy día todas están con esperanzas de poder prosperar con la ayuda 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

  • $8,400
    Average annual income
  • 90
    View loans »
    Paraguay Loans Fundraising
  • $30,816,725
    Funds lent in using Kiva
  • 3,980.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of New Hope Group's $2,775 loan helped a member to purchase new and used clothing and cosmetics for resale.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 29, 2011
Listed
May 25, 2011
Currency Exchange Loss:
Covered
Ended:
Sep 15, 2011