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Cristo Rey Group
In this Group: Carolina , Julia , Brígida , Olga , Francisca , Nilda , Mirta , Irene , Eladia , Catalina , Vilma , Bertilda , Silveria
The committee is called “Cristo Rey” (Christ the King). They have taken on the responsibility of keeping the group together and to work within a framework of mutual respect. They are currently in their 10th cycle and there are 13 women members who invest their loans in their respective activities in order to support their children.

Carolina is group president and she relates that through her business, which is the sale of all types of beverages, she’s been able to get ahead and help her family with daily expenses that arise. She is a very hardworking woman with a great spirit of self-improvement and enthusiasm.

She is asking for the loan to buy beverages in general like soft-drinks, beer, wine, energy drinks and other types of beverages which are the ones that sell the most.
View original language description ↓
El comité lleva por nombre Cristo Rey, han asumido el compromiso de mantener unido el grupo y trabajar bajo un marco de respeto mutuo, actualmente se encuentran en el décimo ciclo, integrada por 13 mujeres quienes invierten sus préstamos en sus respectivas actividades y poder así sacar adelante a sus hijos.
Carolina es la presidenta del grupo y cuenta que por medio de su negocio, que es la venta de bebidas de todo tipo, ha podido salir adelante y ayudar a su familia con los gastos que día a día surgen. Ella es una persona muy trabajadora y con un gran espíritu de superación y entusiasmo.
Ella solicita el crédito para la compra de bebidas en general, como ser gaseosas, cervezas, vinos, energizantes y demás tipos de bebidas, que siempre son las que más salida tienen.

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
  • 42
    View loans »
    Paraguay Loans Fundraising
  • $28,281,075
    Funds lent in using Kiva
  • 4,500.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Cristo Rey Group's $3,100 loan helped a member to buy beverages to sell.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
May 29, 2012
Listed
Jun 27, 2012
Currency Exchange Loss:
Covered
Ended:
Dec 15, 2012