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Niño Jesus Group
In this Group: Myrian, Julia, Myrta, Marta, Maria, Graciela, Gilberta, Marcelina, Elva, Ermelinda, Patricia, Juanita, Vilma, Lida, Blanca*, Selva*
* not pictured
Niño Jesus (Baby Jesus) is in its third loan cycle with Fundación Paraguaya and is participating in the poverty elimination survey to determine the status of the members. We can point to Julia who, through her efforts and her job selling cosmetics, wants to improve her economic situation. She says she has many customers; her secret is to always have a variety of merchandise to offer them to meet their needs. Julia has applied for a loan to buy a variety of cosmetic brands so that she can maintain her sales and help her family through the income she earns.
View original language description ↓
Niño Jesus hace tres ciclos que está trabajando, forman parte del programa de comité de la fundación paraguaya, y también están haciendo la encuesta de eliminación de pobreza, como medio para conocer la situación que tiene una de ellas.
Podemos destacar a Julia, quien a través del esfuerzo y el trabajo continuo quiere mejorar su situación de pobreza. Está trabajando para ello por medio de la venta de cosméticos, y comenta que tiene ya muy buena clientela. Su secreto es siempre tener mucha variedad que poder ofrecer a sus clientas, y así cumplir con ellas.
Hoy solicita de este crédito para poder invertirlo en la compra de cosméticos de toda marca, para que de esa forma pueda seguir con sus ventas y ayudando a su familia con los ingresos que obtenga.

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
  • 54
    View loans »
    Paraguay Loans Fundraising
  • $29,502,975
    Funds lent in using Kiva
  • 4,454.3
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Niño Jesus Group's $3,425 loan helped a member to buy cosmetics to sell.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 28, 2013
Listed
Jul 30, 2013
Currency Exchange Loss:
Covered
Ended:
Feb 21, 2014