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Nueva Esperanza Group
In this Group: Sara Ramona, Sara, Ramona , Venancia , Gladys , Ester , Rocio , Lidia , Olinda , Oracia , Tomasa , Idalia , Viviana , Blanca *, Reina *
* not pictured
The communal bank "Nueva Esperanza" is in its seventh cycle and comprised of 15 members. The group is known in its neighborhood for being very united, supportive and responsible. The members are hard-working women who make the maximum effort to help their families.

Tomasa is one of the members. She says the most important thing for her is to give her family everything they need to lead a decent, dignified lifestyle. She sells all kinds of clothing and claims to have developed a solid customer base in the time she has been in business so she has a high sales volume.

She is requesting a loan to buy summer clothing to meet customer demand. She is grateful to the Fundación and Kiva for this opportunity.
View original language description ↓
El comité se Denomina “Nueva Esperanza “están en el Séptimo Ciclo con 15 integrantes, es un grupo que se destaca en el barrio por ser muy unidas solidarias y responsable, además de eso son mujeres trabajadoras, quienes se esfuerzan al máximo por poder ayudar a sus familias.
Tomasa es una de esas mujeres, ella nos comenta que para ella lo más importante es darle a su familia todo lo que necesitan para que tengan una vida digna y decorosa. Ella se dedica a la venta de prendas de todo tipo, comenta que tiene muy buena venta, ya que debido al tiempo que lleva en esto ya pudo formarse muy buena clientela.
Ella solicita el crédito para la compra de prendas de verano, con lo cual podrá abastecerse y cumplir con la demanda de sus clientes. Agradece a la fundación y a kiva por la oportunidad que esta 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

  • $4,555
    Average annual income
  • 58
    View loans »
    Paraguay Loans Fundraising
  • $28,869,725
    Funds lent in using Kiva
  • 4,435.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Nueva Esperanza Group's $3,450 loan helped a member to buy summer clothing to sell.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 24, 2011
Listed
Dec 21, 2011
Currency Exchange Loss:
Covered
Ended:
Mar 15, 2012