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Cristo Rey Group
In this Group: Petrona, Josefa, Claudelina*, María, María, Guillermina, Fidelina*, Angelina, Faustina, Maria, Blanca, Benigna, Garaparina, Graciela, Rosmari*
* not pictured
The fifteen women you see here have formed a support group and come together once a week to discuss their various businesses. They have taken the name of “Cristo Rey,” and work hard in their various businesses to support their families. Some of them bring their children to meetings while others come alone. They all work together, supporting one another in pursuit of increased business profits.


Some women sell clothes, others make clothes. They sell food and household goods and provide various services. They are asking for a loan to keep their businesses growing and to increase their profits .

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
  • 61
    View loans »
    Paraguay Loans Fundraising
  • $27,639,125
    Funds lent in using Kiva
  • 4,694.3
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Cristo Rey Group's $3,325 loan helped a member to buy fruits, vegetables, eggs, oil, plastic goods, clothes, and other items.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Feb 16, 2008
Listed
Feb 1, 2008
Currency Exchange Loss:
Covered
Ended:
May 4, 2008