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Nueva Esperanza De San Luis Group
In this Group: Lorenza , Justina, Gregoria , Seferina , Ramona , Vicenta , Rosalba , Librada , Rosi , Juana , Maria , Idalina , Maria , Reinelia , Cinthia , Nilda , Maria , Justina , Zoraida , Francisca , Isabel , Rosa *, Maria *, Eulalia *, Adolfina *, Teodora *
* not pictured
The “Nueva Esperanza de San Luis” (New Hope of St. Louis) communal bank is located in the city of Caaguazu, and is composed of 26 women who are in their 4th loan cycle in the “Program for Enterprising Women.” They meet with the proposition of helping one another and, in this way, to be able to get ahead by working together. The women comment that they wish to arrive at the maximum level of the Foundation's program, and thereby, to achieve a better standard of living.

Francisca is characterized as a very hard-working woman. She joined the group to be able to work with her friends and, in this way, to help them improve their style of life. She reports that she sells charcoal and the business is going very well, since everyone uses it. Her work helps to maintain her family and, also, to cover daily household costs. Francisca is requesting the Foundation's help to buy charcoal in bulk. It will be much help to have a sufficient supply of merchandise in stock to be able to meet customer demand.
View original language description ↓
Nueva Espernaza de San Luis es de la ciudad de Caaguazú, está integrado por 26 mujeres, quienes están en el cuarto ciclo del programa de mujeres emprendedoras. Ellas se unieron con el propósito de ayudarse las unas con las otras y de esa forma poder salir adelante por medio del trabajo en conjunto. Comentan que desean llegar al nivel máximo del programa de la fundación y de esa forma tener un mejor nivel de vida.
Francisca se define como una mujer muy trabajadora, ella se unió al grupo para poder trabajar con sus amigas y de esa forma ayudarse para que puedan mejorar sus estilos de vida. Dice que se dedica a la venta de carbón en lo cual le va muy bien, ya que este está siendo muy utilizado por las personas. Su trabajo la ayuda a mantener a su familia y también a cubrir los gastos que surgen día a día en la casa.
Ella solicita la ayuda de la fundación para la compra de carbón en cantidad, lo cual le será de mucha ayuda para poder tener en stock suficientes mercaderías para poder cumplir con sus clientes.

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
  • $28,140,525
    Funds lent in using Kiva
  • 4,325.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Nueva Esperanza De San Luis Group's $3,300 loan helped a member to buy charcoal in bulk for subsequent sale.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 25, 2011
Listed
Dec 23, 2011
Currency Exchange Loss:
Covered
Ended:
Apr 15, 2012