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Nuevo Amanecer Group
In this Group: Gladys, Obdulia, Natalia, Nidia, Maria, Gabriela, Marcelina, Eulogia, Vidalia, Maria, Lidia, Sandra, Carmen, Maria, Nora*, Elida*, Nancy*
* not pictured
The Nuevo Amanecer (New Dawn) communal bank is located in the Calle Poi village in the city of Paraguarí. This group is comprised of 17 women who engage in different business activities in order to be able to have the means to help their families. However, they also engage in activities together in order to be able to have savings that will help them in cases of necessity.

Obdulia is part of the group. She describes herself as a person with a great desire to get ahead and to work. She says that her goal is to continue growing in what she does in order to continue helping her family. Her work is sewing because she is a dressmaker. She always has a lot of work, and this helps her to continue on and to have the means to help her family.

She is requesting this loan in order to be able to buy fabric, thread, elastic, zippers, and the rest. She will do this in order to be able to continue with her dressmaking and to complete her customers’ orders.
View original language description ↓
El comité Nuevo Amanecer se encuentra ubicado en la Compañía Calle Poi de la ciudad de Paraguarí, este grupo está conformado por 17 mujeres que realizan distintas actividades para poder tener los medios para ayudar a sus familias, pero también hacen actividades juntas para pode tener un ahorro que les ayude en caso de necesidad.
Obdulia es parte de este grupo, ella se define a si misma como una persona con muchas ganas de salir adelante y trabajar, comenta que su meta es seguir creciendo en lo que hace para seguir ayudando a su familia. Ella se dedica a la confección, ya que es modista y dice que siempre tiene mucho trabajo, y que eso la ayuda a seguir y tener los medios para ayuda a su familia.
Esta solicitando de este crédito para poder invertirlo en la compra de telas, hilos, gomas, cierres y demás, para poder seguir con sus confecciones y cumpliendo con los pedidos de 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
  • 92
    View loans »
    Paraguay Loans Fundraising
  • $30,964,825
    Funds lent in using Kiva
  • 3,962.4
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Nuevo Amanecer Group's $3,800 loan helped a member to buy fabric, thread, elastic, zippers, and the rest.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 30, 2013
Listed
Mar 3, 2013
Currency Exchange Loss:
Covered
Ended:
Jun 17, 2013