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Sagrado Corazón De Jesús Group
In this Group: Alba , Ma. Celeste, Nora, Juliana, Zunilda, Pablina, Ma. Elisa, Edelmira, Vanessa, Mirta, Aida, Angélica, Cornelia, Florencia, Leonarda*, Lorenza*, María*
* not pictured
The women’s committee called “Sagrado Corazón de Jesús” (Sacred Heart of Jesus) was formed on June 10, 2010 thanks to Celeste who has a hardware store and was very interested by the promotion the advisor carried out in the area. She then described the way the groups work and about the loan to some friends and they formed the group, contacted the advisor and formed the group with 17 members who are working very comfortably and are now in their 3rd cycle. It is a group that stands out because of its collaborative work and mutual support within the program.

Celeste hopes to have this loan to acquire new hardware items to increase sales with more variety.

All the members carry out fund raising activities. They help each other reach common goals that they all have within the group and with Fundación Paraguaya.
View original language description ↓
El Comité de Mujeres de nombre Sagrado Corazón de Jesús se conformó en fecha 10 de Junio del 2010, gracias a la Sra. Celeste, quien tiene una ferretería y quedó muy interesada con la promoción que la asesora realizó en la zona, quien a su vez le comentó la forma de trabajo en el grupo y del crédito a algunas amigas y conformaron su grupo, contactaron con la asesora y formaron el grupo con 17 mujeres quienes se encuentran trabajando muy a gusto ya en el 3º ciclo.
Es un grupo que se destaca por su trabajo conjunto y solidario dentro del programa.
La Sra. Celeste espera contar con este crédito para adquirir nuevos productos de ferretería y lograr aumentar el negocio con mayores variedades.
Todas las integrantes realizan actividades para recaudar fondos, se ayudan mutuamente para llegar a los objetivos en común que todas tienen dentro del grupo y con la Fundación Paraguaya.

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
  • 49
    View loans »
    Paraguay Loans Fundraising
  • $27,439,000
    Funds lent in using Kiva
  • 3,980.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Sagrado Corazón De Jesús Group's $2,800 loan helped a member to buy hardware.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 20, 2011
Listed
May 22, 2011
Currency Exchange Loss:
Covered
Ended:
Sep 15, 2011