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Niño Jesus Group
In this Group: Maria Luisa, Fermina , Rosa , Claudelina , Trinidad , Leonarda , Librada , Agustina , Miguela , Antonia , Antonia
The group "Niño Jesus", is another communal bank associated with the Rural Women's Committee of the Fundación Paraguaya. Currently they are in their second loan cycle. With great efforts, they are making economic progress.

María is the president of the group. She tells us that she always tries to motivate her fellow members to do their best, and in this way be able to overcome the challenges that they face. María sells second-hand clothing, and her business is going very well, as these items are in much demand.

She is seeking the loan in order to buy more second-hand clothing, which will allow her to offer greater variety to her customers.
View original language description ↓
El Comité "Niño", es un Comité más del Programa Comité de Mujeres Rurales de la Fundación Paraguaya, actualmente se encuentran en el segundo ciclo y con mucho esfuerzo y lucha están saliendo adelante.
María es la presidenta del grupo, y nos cuenta que siempre trata de motivar a sus compañeras del grupo a ser mejores y a que, de esa forma vayan superando los desafíos que se presentan. María se dedica a la venta de prendas de segunda mano, en lo que le está yendo muy bien, ya que están siendo muy solicitadas estas prendas.
Ella solicita el crédito para la compra de prendas de segunda mano, las cuales podrán seguir ofreciendo una mejor variedad a 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

  • $8,400
    Average annual income
  • 92
    View loans »
    Paraguay Loans Fundraising
  • $31,557,250
    Funds lent in using Kiva
  • 4,461.6
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Niño Jesus Group's $1,375 loan helped a member to buy used clothing for resale.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 14, 2012
Listed
Jul 16, 2012
Currency Exchange Loss:
Covered
Ended:
Jan 15, 2013