Today, get an extra $25 to lend when you make your first Kiva loan.
Total loan: $2,775
New Hope Group
Ciudad del Este, Alto Parana, Paraguay / Clothing
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New Hope Group's loan finished fundraising,
but these similar borrowers just need a little more help to reach their goals!
A loan helped to purchase new and used clothing and cosmetics for resale.
New Hope Group's story
The group was formed by Norma of km. 9 Acaray of Ciudad D. Este. She contacted her neighbors and friends to form a group in their community. The name of this group is "Neuva Esperanza", meaning "New Hope". The 15 members of the group are on their fifth loan cycle. It is a group well-known in their community for being very united, supportive, and responsible to each other. They carry out activities for the group fund in case a member ever has trouble with their payment. IN the case of Nancy, she requests a loan to purchase new and used clothing to keep her business growing, most importantly now that the cold of winter approaches. She dedicates herself solely to this business because it is a secure source of income given the number of good clients whom she has acquired through time. Today they all hope to prosper with the help of Kiva and Fundacion Paraguaya (Kiva Field Partner).