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Cristo Rey Group
In this Group: Faviola, Sixta, Zunilda, Fatima, Rosa, Dominga, Rosalina, Paola, Alicia, Marlice, Maria, Violeta
The communal bank Cristo Rey is in its third loan cycle with the program, and its members are striving to get ahead. The women have great hopes of improving their lives and have come together to reach this goal.

Dominga, one of the members, works hard to help her family. She sells corn flour that she produces, a difficult job, but one she does enthusiastically because it provides income for her family. She has applied for a loan to buy corn to process and sell. She wants to grow and shows it day after day.
View original language description ↓
El grupo llamado Cristo Rey está en su ciclo número tres del programa de comité donde todas se esfuerzan por salir adelante. Ellas tienen gran esperanza de mejorar sus vidas es por eso que se unieron para mejorar.
Dominga es una de las miembros, quien con mucho esfuerzo ayuda a su familia. Ella se dedica a la venta de harina de maíz que ella misma procesa, es un trabajo duro, pero lo hace con mucho entusiasmo ya que mediante eso su familia tiene un sustento.
Ella solicita de este crédito para la compra de maíz, para poder procesarlo y seguir con sus ventas. Ella es una persona con muchas ansias de crecer y lo demuestra día a día.

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
  • 56
    View loans »
    Paraguay Loans Fundraising
  • $27,536,300
    Funds lent in using Kiva
  • 4,005.5
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Cristo Rey Group's $2,575 loan helped a member to buy whole corn to make corn flour to sell.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 28, 2013
Listed
Mar 27, 2013
Currency Exchange Loss:
Covered
Ended:
Jul 17, 2013