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Sagrado Corazon De Jesus Group
In this Group: Elvira, Faustina, Jorgelina, Olga, Silvia, Juana, Ramona, Fátima, Guillerma, Andresa, Rosalba, María, Noelia, Idalina, Sulma*
* not pictured
The Sagrado Corazon de Jesus group is in its first loan cycle, with all its members working together and getting to know each other. They come from the city of Curuguaty, a rural area which is still developing and which lies quite a distance from the central zone. One of the group's members is Jorgelina who is a hairdresser. She has already built up a good clientele who often call on her services. She tells us that her customers (both male and female) like her work very much and it is for that reason that she has become very well known. Jorgelina is applying for this loan to buy shampoo, rinses, dyes and other supplies which will enable her to continue to offer her services. This, in turn, will help her to put together her business plan which will enable her to boost her income.
View original language description ↓
El grupo Sagrado Corazon de Jesus está en su primer ciclo, donde todas están trabajando juntas y están empezando a conocerse. Ellas son de la ciudad de Curuguaty, una zona rural, aun en crecimiento, y bastante alejada de la zona céntrica.
Una de las integrantes es la Sra. Jorgelina, quien es peluquera, y ya se ha hecho de muy buena clientela, que siempre le pide su trabajo. Comenta que a sus clientes y clientas les gusta mucho el trabajo que está haciendo, es por eso que se ha hecho muy conocida.
La Sra. Jorgelina Solicita este crédito para la compra de shampoo, enjuagues, tintes, y demás insumos para poder seguir prestando su servicio, y esto le ayudará a concretar su plan de negocio, el cual le ayuda a mejorar sus ingresos.

Additional Information

More information about this loan

This loan is designed for poor clients living in rural areas with high levels of crime and social conflict. These clients, working primarily in agriculture, are often ineligible for credit from formal financial institutions because of the high-crime area they live in, their lack of adequate collateral (like a land title), and the likelihood of low agricultural production due to bad weather or pests. Fundación Paraguaya is committed to serving these clients with loans and other wraparound services tailored to their needs. It also provides clients working in agriculture with access to discounted training courses at a local agricultural school to teach them how to improve their crop yields.

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
  • 84
    View loans »
    Paraguay Loans Fundraising
  • $30,761,400
    Funds lent in using Kiva
  • 4,426.3
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Sagrado Corazon De Jesus Group's $2,625 loan helped a member to buy shampoo, rinses, dyes and other supplies.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 24, 2013
Listed
Nov 28, 2013
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2014