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La Esperanza 2 Group
In this Group: Sandra Isabel, Roberta , Marisel , Ludi , Florencia , Lorenza , Adelfa , Teresita , Maria , Mary , Maria , Mariella , Sonia *, Ramona *, Sabina *
* not pictured
This communal bank is made up 14 members from the city of Encarnacion. They are customers from the month of November, and are in the first cycle of the program of the foundation’s women entrepreneurs. They are hardworking and enterprising women fighting to keep their families prosperous because they want to give them a better future.

One of the members is Ramona who works every day and has made many sacrifices to push forward and help her family. She tells us that she works selling all types of clothing, and she is not doing badly, she always makes sales, and she wants to be able to continue growing her business, and this is why she is asking for a loan to buy all types of clothing in order to stock up and in this way to have more variety to offer her clients.

She is just like her friends in the group; all of them are grateful for the help that the foundation and Kiva gives them.
View original language description ↓
El comité esta compuesto por 15 integrantes de la ciudad de Encarnacion, son clientes a partir del mes de noviembre, se encuentran en el primer ciclo del programa de mujeres emprendedoras de la fundación. Ellas son mujeres muy trabajadoras y emprendedoras que luchan por sacar adelante a su familia., pues desean darles un futuro mejor.
Una de las integrantes es Ramona, quien trabaja todos los días y con mucho sacrificio ha logrado salir adelante y ayudar a su familia. Nos cuenta que se dedica a la venta de ropas de todo tipo, en lo cual no le va mal, ya que siempre tiene buena venta, desea poder seguir creciendo con su negocio, y es por ello que solicita el crédito para la compra de prendas de todo tipo, para abastecerse y de ea forma tener mas variedad que ofrecer a sus clientes.
Ella al igual que sus amigas del grupo están agradecidas por la ayuda que la fundación y Kiva les brinda.

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
  • 58
    View loans »
    Paraguay Loans Fundraising
  • $28,869,725
    Funds lent in using Kiva
  • 4,400.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of La Esperanza 2 Group's $1,800 loan helped a member to buy clothing to sell later.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 10, 2011
Listed
Dec 11, 2011
Currency Exchange Loss:
Covered
Ended:
Apr 15, 2012