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La Esperanza Group
In this Group: Sara, Graciela, Elena, Teodora, Adoracion, Lilian, Angelica, Zulmira, Gladys, Susana, Nelly, Vilma*, Cristina*
* not pictured
The La Esperanza [Hope] Communal Bank was formed by the union of various neighbors of the community of the city of Santaní. All of the members of the communal bank make their living through agricultural activities, like the sale and raising of barnyard animals.

One of them is Zulmira, who is asking for this loan to be able to invest it in the purchase of hens to raise and later sell. She is very appreciative for the opportunity that she receives; this will be a great help to her.
View original language description ↓
El comité la Esperanza se formo con la unión de varias vecinas de la comunidad de la ciudad de Santaní. Todas la Integrantes del comité se dedican a actividades agrícolas, como ser venta y cría de animales de corral.
Una de ellas es la Sra. Zulmira, quien solicita de este crédito para poder invertirlo en la compra de gallinas para la cría y posterior venta. Ella está muy agradecida por la oportunidad que recibe, pues le será de mucha ayuda.

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
  • 54
    View loans »
    Paraguay Loans Fundraising
  • $28,673,125
    Funds lent in using Kiva
  • 4,449.4
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of La Esperanza Group's $2,300 loan helped a member to buy hens to raise and later sell.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 26, 2013
Listed
Aug 27, 2013
Currency Exchange Loss:
Covered
Ended:
Mar 17, 2014