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La Esperanza Group
In this Group: Matilde, Ana*, Angela*, Maria Luisa, Catalina, Felicita, Gloria, Agustina, Maria Del Socorro, Magdalena, Florinda, Bernardina, Lina, Carmen, Estela, Isabel, Casilda
* not pictured
View original language description ↓
The following committee was formed by some ladies who invited other ladies from another zone to join them. They shared with them their experiences and benefits.


The committee's name is La Esperanza and its currently composed of 17 women, they are in the 4th cycle of the program. They have shown lots of progress and responsibility with their payments.


These women have a varied list of activities that they do: Selling of fast foods, Selling of cakes/pastries, sell of clothes and jewelry (rings, bracelets, necklaces, etc.), canned goods, drinks, candy.


These women stand out because they are very humble, have various children, responsibilities at home yet still find time to work hard every day to supply for their family.


Each of them receives a loan of about G. 850.000 and it will be used to invest in goods such as sugar, cheese, rice, canned goods, sodas, dairy products, clothes, shoes, underwear, jewelry. They will also purchase materials that will help them prepare the foods they sell: milk, meat, flour, vegetables, among others.


Translated from Spanish by Maria Peterson, Kiva Volunteer.



El presente comité se formó mediante que las integrantes de otro comité quienes invitaron a sus amigas de otra zona a formar un comité, contándoles sus experiencias y ventajas del mismo.



El comité se llama La Esperanza y actualmente está conformado por 17 integrantes, las mismas ya se encuentran en el cuarto ciclo del programa, y hasta hoy día han demostrado muchos progresos y responsabilidad en sus pagos.



Las integrantes poseen una diversidad de actividades las cuales son: venta de comidas rápidas de su propia elaboración, venta de tortas dulces (pasteles), venta de ropas y accesorios de bijouterie (aros, pulseras, collares, etc.), venta de lencerías, venta de bebidas, golosinas y despensas.



Ellas se caracterizan por su gran espíritu emprendedor ya que son mujeres muy humildes con familias formadas, tiene varios hijos y responsabilidades en sus hogares como madres pero aún así la necesidad de velar por el futuro de sus hijos les impulsa a seguir luchando y trabajando diariamente por ello.



Cada una recibe un crédito aproximado de G. 850.000 y que lo invertirán en la compra de sus mercaderías como azúcar, quesos, arroz, productos enlatados, gaseosas, lácteos; ropas como remeras, pantalones, camisas, zapatos, ropa interior, accesorios de bijouterie como pulseras, aros, cadenas; también ingredientes para la preparación de sus comidas como leche, carne, harina, verduras, entre otras cosas.

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
  • 125
    View loans »
    Paraguay Loans Fundraising
  • $31,646,375
    Funds lent in using Kiva
  • 4,582.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of La Esperanza Group's $3,275 loan helped a member purchase of cheese, sodas, beer, pants, lingerie, sugar, meat, fruits, vegetables, oil, breads, dough for empanadas, tomatoes, napkins, canned goods, candy, lollipops, cookies/crackers.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Apr 10, 2008
Listed
Mar 25, 2008
Currency Exchange Loss:
Covered
Ended:
Jun 27, 2008