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Nueva Esperanza Group
In this Group: Cynthia Carolina, Maria, Liz, Julia, Gladys, Valentina, Catalina, Edita, Carolina, De Las Nieves, Cindia, Santa, Maria, Sonia, Martina, Mabel, Bonifacia*, Juana*, Elena*
* not pictured
The communal bank "Nueva Esperanza" has been operating for over two years, working through the Fundación Paraguaya. The members got together with a desire to provide their children with a better future, working extra hard to provide them with everything they need for their development and training.

One of the members, Mrs. Cinthia, sells food and says her products are popular because she has a knack for cooking. Thanks to her work she has been able to help her family get ahead.

She is requesting a loan through the foundation to buy flour, eggs, salt, ham, and cheese which are the essential ingredients for the food she prepares.
View original language description ↓
El comité “Nueva Esperanza” tiene más de 2 años de formación y trabajo con la Fundación Paraguaya. Ellas se unieron con el anhelo de un futuro mejor para sus hijos es por eso que se esfuerzan el doble para facilitarles los materiales para su desarrollo y formación.
Una de ellas es la señora Cinthia, ella se dedica a la venta de comestibles, comenta que sus alimentos se venden mucho, pues tiene muy buenas manos para la cocina. Gracias a este trabajo ella ha logrado salir adelante y ayudar a su familia.
Ella solicita la ayuda de la fundación para la compra de harina, huevos, sal, jamón, queso, los cuales son ingredientes esenciales para los alimentos que prepara.

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
  • 135
    View loans »
    Paraguay Loans Fundraising
  • $31,646,450
    Funds lent in using Kiva
  • 4,170.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Nueva Esperanza Group's $4,100 loan helped a member to buy flour, eggs, salt, ham, cheese and other items.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 30, 2011
Listed
Nov 9, 2011
Currency Exchange Loss:
Covered
Ended:
Feb 15, 2012