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Cristo Rey Group
In this Group: Benita, Lucia, Jessica, Raquiel, Julia, Matilde, Irma, Obdulia, Agrispina, Graciela, Celsa, Maria, Elena, Rosalba*
* not pictured
“Cristo Rey” (Christ the King) is in its 4th cycle in the committee program. They are female heads of household that joined together to be able to improve their and their loved ones’ lives.

Benita is a group member. She’s employed in a firm and strives to the maximum to become a successful woman and she’s accomplishing this by means of her non-stop work.

She wants to be able to start a new business to help her family more this way. She’s asking for this loan to start selling clothes thus improving her income and being able to give her family everything she did not have.
View original language description ↓
Cristo Rey está en el 4º ciclo del programa de comité ellas son mujeres jefas de familia que se unieron con el propósito de poder mejorar sus vidas y la de sus seres queridos.
La Sra. Benita es miembro del grupo, ella es empleada de una empresa, se esfuerza al máximo para llegar a ser una mujer exitosa y lo está consiguiendo a través del trabajo continuo. Quiere poder emprender un nuevo trabajo para que de esa forma pueda ayudar más a su familia. La señora solicita este crédito para poder emprender en la venta de prendas, y de esa forma ir mejorando sus ingresos y poder dar a su familia todo lo que ella no tuvo.

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
  • 61
    View loans »
    Paraguay Loans Fundraising
  • $27,639,125
    Funds lent in using Kiva
  • 4,425.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Cristo Rey Group's $4,250 loan helped a member to buy clothes to sell.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 27, 2013
Listed
Sep 23, 2013
Currency Exchange Loss:
Covered
Ended:
Apr 16, 2014