Grupo Bolivia Group

The Bolivia Group was created through a merchant association located in the center of the city of La Paz called Feria de Boliva (Market of Bolivia) which led to the name of the Village Bank. The group members participate in various types of businesses like that of the group president Miranh who sells perfume. The other group members work in such activities as the sales of clothing, shoes, cosmetics, books and computers. The market is full of people who offer consumable products but these women offer a variety of high quality products at low prices so they don't fear the competition. The purpose of this loan is to purchase merchandise and to improve their work stands since their customers demand to be attended in better conditions. The group members have experience in support groups since they have participated in other financial entities; since they have a good credit record, the Agrocapital Foundation offers them the opportunity to improve their and their families' quality of life.

Translated from Spanish by Scott Crandall, Kiva Volunteer

Grupo GRUPO BOLIVIA se integra mediante una asociacion de comerciante que esta ubicada en pleno centro de la ciudad de La Paz, llamada "Feria de Boliva" por lo cual se creo el nombre del banco comunal, entre las socias existen diferentes tipos de negocios como ser el de la presidenta la señora Mirianh quien se dedica a la venta de perfumes el resto de los socios (as) se dedican al actividades como la venta de ropa, calzados, cosmeticos, libros y computadoras. El mercado esta lleno de personas que te ofrecen productos de consumo pero ellas ofrecen calidad y variedad de productos a bajos precios es por eso que no temem a la competencia. El destino del Crédito es para la compra de mercadería y para la mejora de sus puestos de trabajo ya que el cliente exige mejores condiciones para atenderlo en mejores condiciones. Los socios (as) tiene experiencia en grupos solidarios por los trabjos en otras entidades financieras pero contando con muy buienos antecedentes crediticios la Fundación agrocapital les brina la oportuinidad de mejoras su calidad de vida y la de sus familias.


About Group Loans
In a group loan, each member of the group receives an individual loan but is part of a group of individuals bound by a group guarantee. Under this arrangement, each member of the group supports one another and is responsible for paying back the loans of their fellow group members if someone is delinquent or defaults. Learn more

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