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Sagrado Corazon De Jesus Group
In this Group: Johana, Basilisa, Cynthia, Victoriana, Rosalinda, Maria, Celedonia, Graciela, Lidia, Maura, Cristina
The group "Sagrado Corazon de Jesus" is in their first cycle as part of the Women's Committee program. They are participating in the Poverty Elimination program. Of the 11 women, over 60% have already surpassed the poverty line, and those that are in the red, or level one, are working with trainings and incentives to start a new business or grow their business.

Cristina is one of these women, who wants to get in the sales business and open a small dispensary with the most essential products, and to grow it little by little. She is hopeful that with this she will be able to help her family and improve her finances.

She asks for this loan to be able to invest in the purchase of vegetables, meat, bread, noodles, rice, yerba and more, so that she can start this challenge ahead of her.
View original language description ↓
El grupo llamado SAGRADO CORAZON DE JESUS está en su ciclo número 1 del programa de comité de mujeres. Están haciendo la encuesta de eliminación de pobreza, de las 11 señoras mas de 60% ya superaron la linea de pobreza, y con las que todavía estan en rojo, o nivel uno, se está trabajando haciendo capacitaciones y incentivando a emprender algo un negocio nuevo o hacer crecer mas su negocio.
Cristina es una de estas mujeres, ella quiere emprender el negocio de las ventas y abrir una pequeña despensa con los productos mas imprescindibles, y de a poco ir creciendo. Ella tiene mucha esperanza en que con esto podrá ayudar a su familia y mejorar su economía.
Solicita de este crédito para poder invertirlo en la compra de verduras, carne, pan, fideos, arroz, yerba y demás, y así poder iniciar con este desafío que se propuso.

Additional Information

More information about this loan

This loan is part of the innovative “Poverty Stoplight” program developed by Fundación Paraguaya for women living in poverty. A “stoplight” measurement tool is used to help borrowers self-identify the type of poverty that affects them most (lack of income, dearth of financial opportunities, poor living conditions etc.). Borrowers rate 50 areas of their life as green (not poor), yellow (poor) or red (extremely poor). Together with their loan officer, they come up with a plan to resolve yellow and red indicators. Through this program, Fundación Paraguaya hopes to lift 9,000 women and their families out of poverty by 2017.

To learn more about this unique approach to eliminating poverty, you can read this article on Fundación Paraguaya’s website.

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
  • 82
    View loans »
    Paraguay Loans Fundraising
  • $29,572,925
    Funds lent in using Kiva
  • 3,965.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Sagrado Corazon De Jesus Group's $1,725 loan helped a member to buy vegetables, meat, bread, noodles, rice, tea and more.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 25, 2013
Listed
Feb 24, 2013
Currency Exchange Loss:
Covered
Ended:
Sep 22, 2013