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Las Reynas Group
In this Group: Paulina, Maria Ana Jesus, Froilan Santos, Paola Antonia, Victor Hugo, Maria, Amalia, Petronila, Emma, Martha, Dionicio, Sandra Jhannet
The “Las Reynas” Communal Bank, with Señora Polina as their president, are embarking on their first loan cycle with enthusiasm and a desire to succeed. They run a variety of businesses, some selling meals, cosmetics, and traditional crafts and clothing; and others doing construction, carpentry, and running public transport services. The group's members have a lot of experience in their respective fields: they know that the quality of the goods and services they offer is high while their prices remain reasonable. This loan will be used to buy the materials and tools needed for the group's members to expand and improve their businesses, thus increasing each of their household's income and allowing them to offer a better education and overall quality of life to their children. Most of the group's members have previous experience with communal banking and know how to responsibly manage loans so that every member of the group benefits equally.
View original language description ↓
El Banco Comunal “Las Reynas” organizadas bajo la presidencia D. la señora Polina van cursando su primer ciclo con entusiasmo y ganas D. salir adelante con sus diferentes actividades comerciales como la venta D. comida, venta D. cosméticos y a actividades como la artesanía, construcción D. viviendas, carpintería y al servicio D. transporte público D. pasajeros. La competencia en el mercado no es impedimento para las socias puedan salir adelante ya que ellas aseguran que sus productos son D. buena calidad y a un precio razonable. El destino del financiamiento es para la ampliación D. sus negocios con la adquisición D. materiales y herramientas que coadyuven al mejoramiento D. sus negocios y por enD. a sus ingresos familiares para brindar una mejor educación a sus hijos y una mejor calidad D. vida para ellos. En general el grupo tienen experiencia trabajando con grupos solidarios ya que obtenían crédito D. instituciones similares a la Fundación agrocapital por lo que saben administrar bien los fondos para que estos sean un beneficio para cada uno D. sus miembros.

Additional Information

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 Bolivia

  • $2,817
    Average annual income
  • 92
    View loans »
    Bolivia Loans Fundraising
  • $28,715,700
    Funds lent in using Kiva
  • 7.0
    Bolivia Bolivianos (BOB) = $1 USD