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La Esperanza Group
In this Group: Marina, Zulma, Luz, Sebastiana, Alejandrina, Mariana, Nicolaza, Fatima, Tomasa, Anatacia, Gilda, Adela, Claudia, Margarita, Norma, Gloria, Alicia, Felicita
The "La Esperanza" communal bank was created through the joining together of several neighbors from the town of Santaní, am area relatively far away, where most of its members makes their living in agricultural activities. It is a city that is still under development and is growing.

Claudia forms part of this group and makes her living rearing and selling farm yard animals such as chicken and pigs. She comments that although it is a hard job, she does it to help her family. She is seeking this loan to invest in the purchase of animal feed for her animals in order to continue rearing them for their subsequent sale.
View original language description ↓
El comité “La Esperanza” se formó con la unión de varias vecinas de la ciudad de Santaní, una zona bastante alejada, donde la totalidad de sus integrantes se dedican a actividades rurales. Son de una ciudad aun en desarrollo y en vía de crecimiento.
Claudia es parte de este grupo y se dedica a la cría y venta de animales de corral, como gallinas y cerdos, y comenta que aunque es un trabajo duro, lo hace para ayudar a su familia. Ella solicita de este crédito para poder invertirlo en la compra de balanceados para sus animales y así poder seguir criándolos para venderlos.

Additional Information

More information about this loan

This loan is designed for poor clients living in rural areas with high levels of crime and social conflict. These clients, working primarily in agriculture, are often ineligible for credit from formal financial institutions because of the high-crime area they live in, their lack of adequate collateral (like a land title), and the likelihood of low agricultural production due to bad weather or pests. Fundación Paraguaya is committed to serving these clients with loans and other wraparound services tailored to their needs. It also provides clients working in agriculture with access to discounted training courses at a local agricultural school to teach them how to improve their crop yields.

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
  • 124
    View loans »
    Paraguay Loans Fundraising
  • $31,646,450
    Funds lent in using Kiva
  • 4,474.5
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of La Esperanza Group's $3,675 loan helped a member to buy animal feed.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 10, 2013
Listed
Oct 18, 2013
Currency Exchange Loss:
Covered
Ended:
Apr 16, 2014