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Buena Nueva Group
In this Group: Ageda, Pablino , Bernardo , José , German , Gladys
The communal bank Buena Nueva consists of six people. The group began by showing unity and solidarity among its members, who have business activities and are very hard-working. The majority of the members are indigenous. The members already had businesses before forming part of the youth committee.

The Buena Nueva group is very compliant with the economic support granted by Fundación Paraguaya for being the organization that has placed confidence in them and given them the opportunity to improve their quality of life through work and group membership.

Ageda, one of the members of the group, raises animals. She cares for them and feeds them, and later puts them up for sale, thus generating income for her and her family.

She is applying for the loan to buy balanced feed to fatten the animals and pay veterinary expenses for them. In the group photo there are the group members as well as their parents, since the members are well-loved by everyone.
View original language description ↓
El comité Buena Nueva esta integrado por seis personas, el grupo empezó, demostrando unión y solidaridad entre los compañeros; quienes poseen actividad económica y son muy trabajadoras. La mayoría de los integrantes son indígenas.Los integrantes ya contaban con trabajo antes de formar parte del comité de Jóvenes.
El comité Buena Nueva, quedo muy conforme por el respaldo económico otorgado de la Fundación Paraguaya por ser la empresa que ha depositado en ellas la confianza y les dio la oportunidad de mejorar la calidad de vida a través del trabajo y la integración grupal.
Ageda, una de las integrantes del grupo, se dedica a la cría de animales, los cuida, los alimenta, y luego los pone a la venta generando así ingresos para ella y su familia.
Solicita el crédito para comprar alimentos balanceados para engorde de animales y gastos de veterinaria para estos. En la foto del grupo aparecen tanto los miembros del grupo como sus padres demás personas, ya que son un grupo muy querido por todos.

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
  • $30,930,425
    Funds lent in using Kiva
  • 4,390.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Buena Nueva Group's $425 loan helped a member to buy balanced feed to fatten animals.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 31, 2012
Listed
Sep 18, 2012
Currency Exchange Loss:
Covered
Ended:
Aug 17, 2013