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Nueva Esperanza Group
In this Group: Editt, Teresa, Mercedes, Rebeca, Mirian, Monica, Avelina, Maria, Rocio, Ester, Ross, Zulma, Cristina, Adelaida*, Agueda*
* not pictured
The group called Nueva Esperanza [New Hope] is in its 10th cycle of the its loan schedule. All of the members give their best efforts to improve their lives and those of their families, and to not have to struggle on their own like they had to before.

Editt is the president of the group. She is an enthusiastic woman who is always motivating her friends to work hard to get ahead. She is a very hard-working woman. She works as a housekeeper and also sells intimate apparel. She is very efficient in everything she does, and she has a very good clientele when it comes to her underwear business.

She is seeking this loan to be able to invest in the purchase of underwear for men and women. In this way, she will be able to continue with her sales and satisfy her customers.
View original language description ↓
El grupo llamado Nueva Esperanza está en su ciclo número 10 del programa de comité, donde cada una pone su mayor esfuerzo por ir mejorando su vida y la de sus familias, y que no tengan que pasar por privaciones como las que ellas tuvieron que pasar.
Editt es la presidenta de este grupo, es una mujer entusiasta que motiva siempre a sus amigas a ir trabajando duro por salir adelante. Ella es una mujer muy trabajadora, es empleada y también se dedica a la venta de lencerías. Es muy eficiente en lo que hace, y en cuanto a su venta de lencería ya tiene muy buena clientela.Ella solicita de este crédito para poder invertirlo en la compra de lencería para hombres y mujeres, y de esa forma seguir con sus ventas y cumplir con 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

  • $4,555
    Average annual income
  • 17
    View loans »
    Paraguay Loans Fundraising
  • $29,311,225
    Funds lent in using Kiva
  • 4,454.3
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Nueva Esperanza Group's $4,700 loan helped a member to buy underwear for both men and women.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 28, 2013
Listed
Jul 30, 2013
Currency Exchange Loss:
Covered
Ended:
Dec 17, 2013