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Nueva Esperanza Group
In this Group: Belen, Angelina, Mirta, Maria, Maria, Maria, Bernarda, Maria, Rosalina, Eduarda, Aida*, Teodolina*
* not pictured
The “Nueva Esperanza" [New Hope] committee was formed on the initiative of Isabel, who was very interested in the program. She became informed and then motivated her friends and relatives and they formed the group. This committee is in its second cycle. At present, they have 12 members. They finished their first cycle with no problems and have shown themselves to be united and supportive as members.

They are very happy to work together, since they know that united they are strong. With their strength, they will be able to bring a little more income home, and live decent lives. Isabel has raised and sold animals for several years. She remarks that this has maD. her able to help pay expenses in her home. She knows that her sacrifice will one day have results.

She is asking for the loan to buy more animals as well as to buy feed for the animals she raises and sells. She is grateful to the Fundación for the opportunities it gives.
View original language description ↓
El comité “Nueva Esperanza se conformo con la iniciativa D. la señora Isabel que se mostro muy interesada por el programa. Se informó y luego D. esto motivo a sus amigas y parientes y formaron el grupo. Este comité se encuentra en el segundo ciclo, Actualmente cuentan con 12 integrantes,culminaron el primer ciclo sin inconvenientes,han demostrado union y solidaridad entre las compañeras.
Ellas están muy contentas D. trabajar juntas, ya que saben que la unión hace la fuerza, y que por medio D. esa fuerza podrán llevar un poco mas D. ingresos a sus casas, con lo cual podrán vivir decorosamente.
La Sra Isabel se dedica a la cría y venta D. animales, desD. hace ya unos cuantos años. Comenta que esto le ha servido para poder paliar los gastos D. la casa.Sabe que todo su sacrificio algún día dará sus frutos.
Ella solicita el credito para la compra D. mas animales, y ademas D. eso para la compra D. alimentos para los animales que cría y venD.. DesD. ya agradece a la Fundación por la oportunidad que le da.

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
  • 136
    View loans »
    Paraguay Loans Fundraising
  • $31,646,450
    Funds lent in using Kiva
  • 3,970.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Nueva Esperanza Group's $1,825 loan helped a member to buy animals and feed for them.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 15, 2011
Listed
Jul 15, 2011
Currency Exchange Loss:
Covered
Ended:
Jan 15, 2012