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Nueva Esperanza Group
In this Group: Petrona Regalada , Digna , Maria , Mirta , Maria , Luisa , Fátima , Deysi , Miryan , Natividad , Justina , Mirna , Damacia , María
The "Nueva Esparanza" (New Hope) communal bank began in the city of San Ignacio. It is made up of 14 women, all friends and neighbors in this city. The goal of each one of them is to work, develop a united spirit, and arrive at the highest level of the program, with the support of Fundación Paraguaya.

Señora Petrona is the president of the group. She sells beauty products, and in her free time she works at the confectionery and sells throughout the neighboring zones. Her desire is to continue working and in this way be able to continue helping her family with the day to day expenses.

She is applying for the loan to purchase beauty products such as lipstick, powders, makeup, bases, and other types, with which she will be able to stock up and fill the orders that she has.
View original language description ↓
El comité "Nueva Esperanza"se originó en la ciudad de San Ignacio, está integrado por 14 mujeres, todas ellas amigas y vecinas de esa ciudad. El objetivo de cada de una de ellas es trabajar, fomentar el espiritu solidario y llegar al nivel máximo del programa, con apoyo de la fundación paraguaya.
La sra Petrona, es Presidenta del grupo, ella se dedica a vender productos de belleza, y en su tiempo libre se dedica a la repostería y vende por la zonas alrededores. Su deseo es seguir trabajando y de esa forma poder seguir ayudando a su familia con los gastos del día a día de su familia.
Ella solicita el crédito para la compra de productos de belleza, como ser labiales, polvos, maquillajes, bases y demás tipos, con los cuales podrá surtirse y cumplir con unos pedidos que tiene.

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

  • $8,400
    Average annual income
  • 92
    View loans »
    Paraguay Loans Fundraising
  • $30,816,725
    Funds lent in using Kiva
  • 4,310.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Nueva Esperanza Group's $4,325 loan helped a member to buy beauty products to sell.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 31, 2012
Listed
Feb 27, 2012
Currency Exchange Loss:
Covered
Ended:
Jun 15, 2012