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La Esperanza Group
In this Group: Guillermina, Dominga , Mirian , María , Leidy , Adelaida , Rosalina , Modesta , Claudelina , Ilda , Johana , Bernarda , Paola , Germania , Digna *, Liliana *
* not pictured
This committee was formed thanks to the initiative of one of its members who used to belong to another group. She contacted her friends and neighbors to form this group in her area. The committee is called 'La Esperanza' (Hope) and its sixteen members are in their third loan cycle. This is a group which stands out in the neighborhood for its unity and responsibility. The members of the group have a great entrepreneurial spirit. They are up to date with their repayments and they work together on different activities to collect funds which can save the committee should the need arise.

One of the members of the committee is Rosalina, who has a well-stocked blacksmith's. She tells us that her business is going very well because she has good customers who come to her for the good service that she provides and for her good work. She would like to continue stocking her business and so is requesting a loan to buy clothing and tools which she needs for her blacksmith's such as iron, sheets of metal, paints, etc. She is grateful to Fundación Paraguaya and Kiva for the opportunity that they are giving her.
View original language description ↓
El comité se ha formado gracias a la iniciativa de una de las miembros que era ex integrante de otro grupo. Ella contactó con sus vecinas y amigas para conformar el grupo en la zona. El comité se denomina “La Esperanza”. Están en el Tercer Ciclo y está constituido por 16 integrantes; es un grupo que se destaca en el barrio por ser muy unido y responsable. Las integrantes poseen un gran espíritu emprendedor, ya que están al día con las cuotas, trabajan en conjunto en la realización de actividades para recaudar fondos que puedan salvaguardar al comité en caso de necesidad.
Una de ellas es la señora Rosalina, ella tiene una herrería bien equipada, comenta que le va muy bien en el negocio, justamente por tener buena clientela que acude a ella por el buen servicio que presta y también por el buen trabajo. Quiere seguir abasteciendo su negocio, por lo que solicita el crédito, para la compra de indumentarias y utensilios necesarios para la herrería, como ser hierros, chapas, pinturas y demás. Está agradecida a la fundación y kiva por la oportunidad que le dan.

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
  • 40
    View loans »
    Paraguay Loans Fundraising
  • $30,155,700
    Funds lent in using Kiva
  • 4,185.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of La Esperanza Group's $3,250 loan helped a member to buy iron, sheets of metal, paint and other products.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 30, 2011
Listed
Nov 4, 2011
Currency Exchange Loss:
Covered
Ended:
May 16, 2012