Catarina Migliorini in a scene from a video on the Virgins Wanted website.  >

A Brazilian student is auctioning off her virginity to the highest bidder to raise cash to build homes for poverty-stricken families.

Catarina Migliorini, 20, is set to plough the money — currently standing at $160,000 — into a non-governmental organization that will construct modern houses in her southern home state of Santa Catarina.

Virgins Wanted Catarina's bid history on the ‘Virgins Wanted’ auction page.

Rejecting claims she is a prostitute, she said she still believed in love but saw the opportunity to make a positive difference to the world.