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Nueva Esperanza Group
In this Group: Editt Noemi, Teresa, Mercedes, Maria, Rebeca, Isidora, Mirian, Monica, Avelina, Maria, Rocio, Ester*
* not pictured
The "Nueva Esperanza" (New Hope) committee has been up and running and working with Fundación Paraguaya for two years. There are 12 women in this group and they are making progress through the help that they provide to each other.

Ester is one of the members of this group. She joined as she needed a way to make more income. Her business is selling new and used clothing and her business is growing as her sales are improving. She longs for a better future for her children and this is why she works hard every day.

Ester is requesting this loan to buy all kinds of clothing so that she can stock up and have a good range available to offer her customers.
View original language description ↓
El comité "Nueva Esperanza"tiene mas de 2 años de formación y trabajo con la fundación, son 12 las mujeres que trabajan en este grupo y están saliendo adelante por medio de la ayuda que se dan las unas a las otras.
La Sra. Ester es una integrante de este comité , se unió al grupo por la necesidad de tener un un medio que le permita generar mas ingresos , se dedica a la venta de ropas nuevas y usadas, y está creciendo ya que las prendas cada vez más están con mejor venta. Anhela un futuro mejor para sus hijos es por eso que se esfuerza todos los días .
Ella solicita de este crédito para la compra de prendas, de todo tipo para poder surtirse y tener una buena variedad que ofrecer a sus clientes.

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
  • 75
    View loans »
    Paraguay Loans Fundraising
  • $30,749,875
    Funds lent in using Kiva
  • 4,459.9
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Nueva Esperanza Group's $2,575 loan helped a member to buy clothing to sell.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 29, 2012
Listed
Nov 21, 2012
Currency Exchange Loss:
Covered
Ended:
Mar 15, 2013