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La Esperanza Group
In this Group: Nimia Liz, Nilda, Gladys , Lucia , Lilian , Leonidas , Ursulina , Guillermina , Petrona , Juana , Gabriela , Maria , Pablina
The "La Esperanza" ["Hope"] women's communal bank started working with the Fundación Paraguaya this year after a loan officer visited them. Thirteen women from the area formed this new group together. These women are very united and hard-working. They have a great desire to work and succeed both individually and as a group. They are working very well as a team within the women's communal bank program.
Ursulina, a group member, sells chipas (a traditional Paraguayan food). She says that she has been doing this for some time now, and thanks to this work she has been able to help her family and cover their daily costs. She wants to be able to have her own chipa business one day and thus keep growing.
She is requesting this loan for the purchase of chipas to sell, so that she will get even closer to fulfilling her dream.
View original language description ↓
El Comité de Mujeres “La Esperanza” empezó a trabajar con la Fundación Paraguaya desde este año mediante la promoción y visita de la asesora se logró formar un nuevo grupo integrado por 13 mujeres de la misma zona. Las señoras son muy unidas, trabajadoras y solidarias, tienen muchas ganas de trabajar y salir adelante, tanto con el grupo e individualmente. Se encuentran trabajando muy a gusto en equipo, con mucho esfuerzo y solidaridad , en forma conjunta dentro del programa Comité de Mujeres.
Una de las integrantes es la señora Ursulina, quien se dedica a la venta de chipas (alimento tradicional paraguayo). Comenta que se dedica hace un buen tiempo a esto y que gracias a este trabo ha podido ayudar en su casa y cubrir los gastos que diariamente surgen. Ella desea algún día poder tener su propio negocio de chipa y de esa forma seguir creciendo.
Ella solicita el crédito para la compra de chipas para poder vender y de esa forma estar más cerca de su sueña.

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
  • 51
    View loans »
    Paraguay Loans Fundraising
  • $29,502,975
    Funds lent in using Kiva
  • 4,390.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of La Esperanza Group's $1,250 loan helped a member to buy chipas [a traditional Paraguayan food] for the next sale.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 22, 2011
Listed
Dec 15, 2011
Currency Exchange Loss:
Covered
Ended:
Apr 15, 2012