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La Esperanza Group
In this Group: Lilian Raquel, Silvia, Crismilda, Graciela, Marlene*, Carmen, Teresa, Dominga, Lourdes, Dalilia, Cinthia, Sonia
* not pictured
This communal bank is in its first loan cycle, and it is a responsible group. One example is Señora Teresa, a woman who was in a [different] group which she left, but she wanted to continue working and she joined another group to continue working and helping her family. She is very active and sacrificing. She lives in a simple house in the neighborhood with her six children. She works in recycling, and through this work she is advancing. She says that she goes out every day to collect recyclable products such as plastics, cardboard, and other items.

Teresa says that she is proud of what she does, since it is dignified and honest work. She is applying for this loan to buy plastics and aluminum in quantity so that she can resell it, and in this way she will be able to have a greater income. She is grateful for the opportunity that she and her group are receiving.
View original language description ↓
El presente comité se encuentra, en su primer ciclo es un comité responsable. Podemos hablar de la Sra. Teresa quien es una señora que estuvo en grupo que deserto pero ella quiso seguir trabajando y se unió a otro grupo para seguir trabajando y ayudando a su familia. Es muy activa y sacrificada, vive en una humilde casa en el barrio con sus seis hijos. Ella se dedica al reciclaje, y por medio de su trabajo está saliendo adelante. Día a día recorre para recolectar productos reciclados, como ser plásticos, cartones y demás.
Teresa está orgullosa de lo que hace, ya que es un trabajo digno y honesto. Ella solicita de este crédito para la compra de plásticos, y aluminio por cantidad para poder revenderlos y de esa forma poder un mayor ingreso. Agradece por la oportunidad que ella y su grupo están recibiendo.

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
  • 82
    View loans »
    Paraguay Loans Fundraising
  • $30,772,800
    Funds lent in using Kiva
  • 4,481.2
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of La Esperanza Group's $1,425 loan helped a member to buy plastics and aluminum to sell.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 25, 2012
Listed
Nov 21, 2012
Currency Exchange Loss:
Covered
Ended:
Feb 15, 2013