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Nueva Esperanza Group
In this Group: Rosalba, Lorena, Ramona, Librada, Reinelia, Nilda, Teodora, Lorenza, Juana, Rosi, Apolonia, Fatima, Arminda, Zoraida, Gloria, Maria, Mirian, Limpia, Rosalia, Maria, Isidra
The Nueva Esperanza (New Hope) group is working and, with great effort, is getting ahead. They are 21 women who are completing the elimination of poverty survey to be able to understand what situation each of them is in.

One person worthy of highlighting is Señora Lorenza, who works in vegetable sales. Through her efforts and daily struggle she shows that working is the only way one can get ahead and thus help one’s loved ones. She sees a great opportunity in the women’s committee program, and it is because of this that she joined this challenge.

Today she is asking for this loan to be able to invest it in the purchase of fresh vegetables to sell, such as tomatoes, green peppers, onions, and other vegetables, and thus to keep investing in her microenterprise and to help her family as well.
View original language description ↓
El grupo Nueva Esperanza está trabajando y con mucho esfuerzo está saliendo adelante, son 21 mujeres que están haciendo la encuesta de eliminación de la pobreza para poder conocer en qué situación esta cada una de ellas.
Una persona digna de destacar es la Sra. Lorenza, quien se dedica a la venta de verduras, ella por medio de su esfuerzo y su lucha diaria muestra que trabajando es la única forma en la que se puede salir adelante y ayudar así a sus seres queridos. Ella ve una gran oportunidad en el programa de comité de mujeres, y es por eso que forma parte de este desafío.
Hoy solicita de este crédito para poder invertirlo en la compra de verduras frescas para la venta, como ser tomates, locotes, cebollas, y demás verduras, y así seguir invirtiendo en su microemprendimiento y también ayudar a su familia.

Additional Information

More information about this loan

This loan is part of the innovative “Poverty Stoplight” program developed by Fundación Paraguaya for women living in poverty. A “stoplight” measurement tool is used to help borrowers self-identify the type of poverty that affects them most (lack of income, dearth of financial opportunities, poor living conditions etc.). Borrowers rate 50 areas of their life as green (not poor), yellow (poor) or red (extremely poor). Together with their loan officer, they come up with a plan to resolve yellow and red indicators. Through this program, Fundación Paraguaya hopes to lift 9,000 women and their families out of poverty by 2017.

To learn more about this unique approach to eliminating poverty, you can read this article on Fundación Paraguaya’s website.

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
  • 127
    View loans »
    Paraguay Loans Fundraising
  • $31,646,375
    Funds lent in using Kiva
  • 4,433.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Nueva Esperanza Group's $5,525 loan helped a member to buy vegetables such as tomatoes, green peppers, onions, and others, to sell.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 27, 2013
Listed
Sep 27, 2013
Currency Exchange Loss:
Covered
Ended:
Jan 17, 2014