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Nueva Esperanza Group
In this Group: Angelina, Rosalina , Zulma , Ramona , Bernarda , María , María , Eduarda , Aida , Mariela
The Nueva Esperanza (New Hope) group consists of 10 members, hardworking women of scarce resources who are dedicated and prepared to achieve all of their goals in order to improve every day. One of the members of the group, María, has a convenience store that she wants to keep growing, as much in size as in variety of products, in order to satisfy the demands of her customers and meets the needs of her families. With the loan, she plans to purchase vegetables, dairy products and legumes to have a wider variety of products to offer.
View original language description ↓
El comité Nueva Esperanza tiene 10 integrantes, mujeres de escasos recursos pero sacrificadas y dispuestas a lograr todos los objetivos propuestos para poder mejorar cada día.
La sra. María, una de las integrantes del grupo, cuenta con una despensa, la que desea seguir agrandando tanto en tamaño como en variedades de productos que ofrecer para así satisfacer las necesidades de su clientela y sus necesidades personales y familiares.
Con el crédito desea comprar verduras, hortalizas, lácteos, legumbres, para poder tener mayor variedad de productos que ofrecer.

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
  • 94
    View loans »
    Paraguay Loans Fundraising
  • $31,557,250
    Funds lent in using Kiva
  • 4,395.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Nueva Esperanza Group's $1,300 loan helped a member to purchase vegetables, dairy products, legumes, etc.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 25, 2012
Listed
Aug 29, 2012
Currency Exchange Loss:
Covered
Ended:
Mar 15, 2013