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Esperanza Group
In this Group: Edilce Ramona, Olga , Lira , Sofia , Julia , Clara , Amalia , Haidee , Anastacia , Alma , Antonia , Maria , Sofia
The ‘Esperanza’ [Hope] communal bank has 13 members. All of them work with the hope of getting ahead and helping their families. They are all women who are the head of their household, and they help their loved ones through their work.

Olga sells all types of jewelry. She says that she is getting ahead thanks to her sacrifice and effort. Through her sales, she helps her family. Her goal is to be able to continue growing and to become a great small businesswoman.

She is requesting the loan to buy all types of jewelry like rings, necklaces, bracelets, and the rest. She will do this to be able to continue working and progressing.
View original language description ↓
El comité Esperanza, tiene 13 miembros, donde todas trabajan con la esperanza de salir adelante y de ayudar a sus familias, son mujeres jefas de familia que ayudan a los suyos por medio de su trabajo.
Olga se dedica a la venta de joyas de todo tipo, y cuenta que está saliendo adelante gracias a su sacrificio y esfuerzo, y por medio de sus ventas ayuda a su familia. Su meta es poder seguir creciendo y así convertirse en una gran microempresaria.
Solicita el crédito para la compra de joyas de todo tipo, como ser anillos, cadenas, pulseras y demás, para poder seguir trabajando y progresando.

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
  • 25
    View loans »
    Paraguay Loans Fundraising
  • $33,435,850
    Funds lent in using Kiva
  • 4,476.9
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Esperanza Group's $2,750 loan helped a member to buy rings, necklaces, and bracelets, etc. to sell.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Sep 26, 2012
Oct 26, 2012
Currency Exchange Loss:
Mar 15, 2013