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La Esperanza Group
In this Group: Maria Liduvina, Evarista, Cornelia, Miguelina, Olinda, Gladys, Juana, Nilda, Juana, Beatriz, Valentina, Emy, Zunilda, Fermina, Julia, Patricia, Mirian, Lucila*
* not pictured
This committee was created thanks to the initiative of one of its members, who invited her neighbors and friends to start a committee in her neighborhood. The name chosen for this committee is “La Esperanza” (“Hope”) in honor of the opportunities offered by Fundación Paraguaya, as these ladies will have new chances to star a better job, thus contributing to the income of their families and proving their children with a better standard of living. The group is composed of 18 members and they are actually working their tenth cycle.
María is the Director General of this committee. She engages in selling clothes and cosmetics in her neighborhood. She is a responsible and hardworking woman. She says that thanks to her job she has succeeded in providing for her family and in offering them at least the basic conditions for a decent and honorable life.
She is requesting a loan to buy items of clothing, in order to meet her customers’ requests. She is grateful to Fundación Paraguaya for the new chance she is being offered.
View original language description ↓
La formación del presente comité se inició gracias a una D. las miembros. Ella contacto con sus vecinas y amigas para formar el comité en su Barrio. El comité se Denomina “La Esperanza” en homenaje a la oportunidad que le brinda la Fundación Paraguaya; ya que las mismas señoras tendrán nuevas oportunidades para emprender un mejor trabajo, colaborando con los ingreso D. su hogar y así brindarle a sus hijos un mejor bienestar. Actualmente están en el décimo ciclo con 18 integrantes.
La Directora General del comité es la Sra. María, ella se dedica a la venta D. ropas y cosméticos en su barrio, es una persona, responsable, y trabajadora. Comenta que gracias a su trabajo ha logrado mantener a su familia y darle por lo menos las condiciones básicas para que puedan tener una vida digna y decorosa.
Ella solicita el crédito para la compra D. prendas, con lo cual podré cumplir con la demanda D. sus clientes. Agradece a la Fundación por la nueva 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
  • 91
    View loans »
    Paraguay Loans Fundraising
  • $31,441,600
    Funds lent in using Kiva
  • 4,040.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of La Esperanza Group's $4,000 loan helped a member to buy clothes to sell.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 25, 2011
Listed
Oct 7, 2011
Currency Exchange Loss:
Covered
Ended:
Jan 15, 2012