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Sagrado Corazon De Jesus Group
In this Group: Jorgelina, Faustina, María, Elvira, María, Saturnina, Fátima, Leticia, Noelia, Lidia, Jorgelina, Andresa, Sonia, Mercedes, Josefina*
* not pictured
This communal bank is called Sagrado Corazón de Jesús (Sacred Heart of Jesus). They are on their first loan cycle and are learning to work together. They are very eager to learn and grow. They live in the city of Curuguaty, an area that is quite remote, being several kilometers from the city. Most of the members travel a long way to get to the city and it is very demanding.

Andresa is one of the members. She has a small, well-stocked food store, where she has lots of things to offer her customers. She says that she was able to start it with a lot of effort and today she has a lot of customers. She also says that she would like for her neighborhood to grow and for the city to have better access to communication. She is asking for this loan to buy vegetables, fruits, meat, and more supplies to stock her business with everything her customers need.
View original language description ↓
Este comité es llamado (Sagrado Corazón de Jesús) está en su primer ciclo ellas están aprendiendo a trabajar juntas, tienen muchas ganas de aprender y crecer. Ellas viven en la ciudad de Curuguaty, una zona bastante alejada, que dista a varios kilómetros de la ciudad. La mayoría de las miembros siempre recorren mucho para llegar a la ciudad y es muy sacrificado.
Una de las integrantes es la Sra. Andresa, quien cuenta que tiene una pequeña despensa bien surtidita, donde tiene de todo para ofrecer a sus clientes. Ella cuenta que con mucho esfuerzo pudo montarlo y que hoy ya tiene muy buena clientela. También cuenta que le gustaría que su barrio vaya creciendo y que tengan un mejor acceso a la comunicación de la ciudad.
Solicita de este crédito para poder invertirlo en la compra de verduras, frutas, carne, leche y demás insumos para poder surtir su negocio con todo lo que necesitan sus clientes.

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
  • 37
    View loans »
    Paraguay Loans Fundraising
  • $37,305,300
    Funds lent in using Kiva
  • 4,159.2
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Sagrado Corazon De Jesus Group's $2,775 loan helped a member to buy vegetables, fruit, meat, milk, and more.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Mar 25, 2013
May 23, 2013
Currency Exchange Loss:
Nov 17, 2013