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Divino Niño Group
In this Group: Emilia, María, Rosa, Fermina, Fermina, Antonia, Claudelina, Librada, Antonia, María, Carmen, Miryna, Elena, Viviana, María
The communal bank "Divino Niño" (Divine Child) is a group of 15 members who are in their second loan cycle. All are hard-working women. The group is from the city of Curuguaty. The group Divino Niño promises to continue working with the same responsibility that they have been showing.

Maria, one of the members, sells used clothing and comments that her sales are improving a lot, since used clothing is cheaper. She is applying for this loan to be able to invest in the purchase of clothing to resell and to continue working.
View original language description ↓
El Comité " Divino Niño ", es un comité con 15 integrantes se encuentran en el segundo ciclo. Todas son mujeres trabajadoras, el comité está situado en la ciudad de Curuguaty. El Comité Divino Niño se compromete de seguir trabajando con la misma responsabilidad que venían haciendo.
Maria, una de las miembros se dedica a la venta de prendas usadas y comenta que sus ventas están mejorando mucho, ya que las prendas usadas son más baratas. Solicita de este crédito para poder invertirlo en la compra de prendas para poder revenderlas y seguir trabajando.

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
  • 74
    View loans »
    Paraguay Loans Fundraising
  • $30,816,725
    Funds lent in using Kiva
  • 4,169.3
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Divino Niño Group's $2,025 loan helped a member to buy used clothing to sell.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 21, 2012
Listed
Jan 19, 2013
Currency Exchange Loss:
Covered
Ended:
Jul 17, 2013