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La Esperanza Group
In this Group: Lilian, María, Mirtha, Susana, Sindia, Maria, Nilda, Victoria, Francisca, Blanca, Maria, Feliana, Teodora, Maria De Jesus, Alicia, Marlene
View original language description ↓
The group “La Esperanza” (Hope) has been established for 1 year and 2 months. The group members participate in a program called Committee of Women Entrepreneurs which brings women together to carry out profitable work with the goal of increasing income and alleviating poverty.



In our country the majority of women are in charge of family finances. In addition to seeing to the education of their children, they also hold an extra job to help with household expenses.



The women belonging to this group devote themselves to various income-producing activities. They are using the loan to buy more merchandise, in some cases, or in the case of dressmakers and food vendors, to buy supplies for the manufacture of the products they sell.



The majority of the women yearn for a better future for their children and therefore redouble their efforts to increase their income so that they will be able to offer their children the chance to study and to have better job possibilities in the future.



Today these women are asking to renew their loan in order to obtain clothes, shoes, cosmetics, fabric, thread, and cleaning products as well as food items such as meat, dairy products, fruits, vegetables, soft drinks, snacks, oil, flour, noodles, etc.

Translated by Melissa Hays, Kiva volunteer.




El comité “La Esperanza” tiene1 año y 2 meses de formación, ellas participan de un programa llamado “Comité de Mujeres Emprendedoras” que agrupa a mujeres que realizan una labor lucrativa con el fin de mejorar sus ingresos y aliviar la pobreza.



En nuestro país la mayoría de las mujeres son las encargadas de la economía de la familia, además de atender y velar por la educación de los hijos, las mujeres también poseen un trabajo extra con el que ayudan con los ingresos de la casa.



Las señoras pertenecientes a este comité se dedican a diversas actividades productivas y utilizan el préstamo para comprar más mercaderías, en algunos casos, o insumos para la elaboración de los productos que venden como en el caso de las modistas o las señoras que venden comidas.



La mayoría de las mujeres anhela un futuro mejor para sus hijos por eso se esfuerzan el doble para generar mas ingresos y poder brindarles posibilidades de estudiar y lograr que el día de mañana mejores oportunidades laborales.



Hoy ellas solicitan un nuevo crédito con el que podrán adquirir ropas, calzados, maquillajes, telas, hilos, productos de limpieza al igual que comestibles como carnes, lácteos, frutas, verduras, gaseosas, golosinas, aceite, harina, fideos, etc.

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
  • 86
    View loans »
    Paraguay Loans Fundraising
  • $31,492,275
    Funds lent in using Kiva
  • 3,970.3
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of La Esperanza Group's $2,175 loan helped a member to obtain clothes, shoes, cosmetics, fabric, thread, and cleaning products as well as food items such as meat, dairy products, fruits, vegetables, soft drinks, snacks, oil, flour, noodles, etc.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Sep 13, 2008
Listed
Aug 24, 2008
Currency Exchange Loss:
Covered
Ended:
Feb 21, 2009