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Niño Jesus Group
In this Group: Norma Mabel, Ignacia , Antoliana , Ana , Monica , Sandra , Vilda , Teresita , Ana , Merlo , Francisca , Rossana , Laura , Sonia , Amalia , Rosa , Luciana , Juliana , Irma , Veronica *, Maida *
* not pictured
This communal bank is comprised of 21 members in the city of Encarnación. They have an excellent credit record on all the loans they have requested. The group has much experience in team work because they have been working together for several years.

Norma is a hair stylist who, thanks to her business, is able to help her family and give them everything they need to live a dignified life, without hardship. She is a very hard worker who is able to get ahead and continue her progress through her efforts.

She is requesting a loan to buy supplies for her beauty salon, such as shampoo, cream rinse, scissors, spray and the other items she needs to be able to continue working and providing her customers with good service.
View original language description ↓
El comité está compuesto por 21 integrantes en la ciudad de Encarnación, son clientes con excelente conducta de pago en todos los créditos que han solicitado. El comité ya tiene mucha experiencia en trabajo grupal, ya que hace mucho tiempo que trabajan juntas.
Norma es peluquera, cuenta que gracias a su negocio ella ayuda a su familia y les da todo lo que necesitan para tener una vida digna y sin privaciones. Ella es una persona muy trabajadora y gracias a ese trabajo está saliendo adelante y progresando.
Ella solicita el crédito para la compra de insumos para su peluquería, como ser shampoo, enjuague, tijeras, spray y demás, con lo cual podrá seguir trabajando y dando un buen servicio 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

  • $4,555
    Average annual income
  • 49
    View loans »
    Paraguay Loans Fundraising
  • $27,441,200
    Funds lent in using Kiva
  • 4,420.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Niño Jesus Group's $3,525 loan helped a member to buy shampoo, cream rinse, scissors, spray and other items.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 29, 2012
Listed
Sep 26, 2012
Currency Exchange Loss:
Covered
Ended:
Jan 15, 2013