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Cristo Rey Group
In this Group: Dominga, Julia, Brígida , Olga , Francisca , Nilda , Mirta , Irene , Eladia , Catalina , Adriana , Vilma , Carolina *, Bertilda *
* not pictured
In the city of Paraguarí, a group of women gathered together and came up with the idea of learning more about the Program of Women Entrepreneurs being offered by Fundación Paraguaya. This would result in an excellent opportunity for them to move forward and make progress. This committee is called “Cristo Rey” (Christ the King) because there is a chapel that has the same name. The group consists of 14 hardworking women who make sacrifices day after day to support their children and families.


One of the members is Sra. Catalina, who is a seamstress. She says that she always works a great deal because most of her neighbors place several orders. Thanks to her hard work and effort, she has been able to support her family and help with the household finances. She is requesting a loan to buy fabrics, thread, buttons, scissors, and other necessary supplies so that she can meet the demands of her customers.

View original language description ↓
En la Ciudad de Paraguarí, se reunieron un grupo de señoras con la idea de saber más sobre el programa de mujeres emprendedoras de la Fundación Paraguaya, el cual les resultó una excelente oportunidad para salir adelante y progresar. El comite lleva por nombre Cristo Rey, debido a que hay una capilla del mismo nombre, está integrada por 14 mujeres muy trabajadoras quienes se sacrifican día a día para mantener a sus hijos y familias.
Una de las miembros es la señora Catalina, quien se dedica a la costura. Ella nos cuenta que siempre esta con mucho trabajo, ya que la mayoría de sus vecinos le hacen varios pedidos. Gracias a su arduo trabajo y esfuerzo ha podido mantener a su familia y ayudar con la economía de su casa.
Ella solicita el crédito para la compra de telas, hilos, botones, cierres y demás insumos necesarios para poder cumplir con la demanda que le hace sus clientes.

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
  • 67
    View loans »
    Paraguay Loans Fundraising
  • $30,204,950
    Funds lent in using Kiva
  • 4,360.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Cristo Rey Group's $3,650 loan helped a member to buy fabrics, thread, buttons, scissors, and other sewing supplies.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 28, 2011
Listed
Dec 25, 2011
Currency Exchange Loss:
Covered
Ended:
Jun 15, 2012