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Nuevo Horizonte Group
In this Group: Graciela, Miguela, Andrea, Emilce, Lucia, Francisca, Lucy, Liz, Natividad, Maria, Maria, Carolina, Nelly, Daisy, Maria, Leoncia, Elba, Mercedes, Lucia
The group named “Nuevo Horizonte” (New Horizon) is in its eighth loan cycle as part of the Women’s Committee Program. The members have worked with great effort and dedication through each of the loan cycles.


Mercedes is one of the members of the group who is a role model of determination. She collects and sells recyclable items. Mercedes says that she usually buys the items and then resells them, thus allowing her to earn more profit. She says that every day she goes out looking for items made of plastic, cardboard, aluminum, and other materials so that she can make a living. Mercedes is very proud of what she does since it is decent and honest work.


She is requesting a loan so that she can invest in the purchase of cardboard, aluminum, plastics, and other materials that she can resell. This will generate a small profit that will enable her to continue supporting her family. Mercedes is grateful for the opportunity she has received since it will be a great help.

View original language description ↓
El grupo llamado Nuevo Horizonte está en su ciclo número 8º del programa de comité de mujeres, todas ellas han trabajado con mucho esfuerzo y dedicación para ir pasando cada uno de los ciclos.
Mercedes es una de las integrantes y un gran ejemplo de lucha, ya que ella se dedica a la recolección y venta de artículos de reciclaje, también comenta que ella suele comprar los artículos y los revende y de esa forma tiene una mejor ganancia. Ella cuenta que todos los días recorre buscando artículos de plástico, cartón, aluminio y demás y de esa forma se gana la vida. Esta muy orgullosa de lo que hace, ya que es un trabajo digno y por sobre todo muy honesto.
Ella solicita de este crédito para poder invertirlo en la compra de cartones, aluminio, plásticos y demás para poder revenderlos y así tener una pequeña utilidad para seguir ayudando a su familia. Agradece por la oportunidad que está recibiendo, pues la ayudará muchísimo.

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
  • 4,159.4
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Nuevo Horizonte Group's $4,950 loan helped a member to buy cardboard, aluminum, plastics, and other materials that can be resold.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 21, 2013
Listed
Apr 23, 2013
Currency Exchange Loss:
Covered
Ended:
Aug 17, 2013