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Nuevo Amanecer Group
In this Group: Catalina, Javier*, Damaso, Maximo, Filomena, Maria Teresa, Rebeca Roxana, Roxana Martha, Fabiana, Marco Antonio*, Monica, Olga
* not pictured
The group "Nuevo Amanecer" is represented by Mrs. Catalina and has 12 members who obtain their income in different ways. Some sell products such as homemaD. bread, clothes, groceries, and food, but a majority of the group works in public transportation of passengers. The demand within public transportation of passengers is high but so is the competition, and for that reason the members require capital to buy spare parts for the vehicles and be able to offer a better and faster service without mecanical complications. The members who work in sales need capital to purchase supplies and material to improve sales and increase income in order to offer a better life quality to their families. A majority of the members of the group are in their third season together showing aptitudes in the management and administration of the loans and responsibility with the payments.
View original language description ↓
El grupo “Nuevo Amanecer” se encuentra representado por la señora Catalina y esta conformado por 12 socios los cuales obtienen sus ingresos D. diferente modo, algunos con la venta D. productos como el pan casero, ropa, abarrotes y comida, pero una mayoría del grupo se dedica al servio D. transporte público D. pasajeros. Dentro del transporte público existe mucha demanda D. pasajeros pero también la competencia, es por esta razón que los socios requieren D. un capital para refaccionar sus vehículos y poder ofrecer un mejor servicio veloz y sin complicaciones mecánicas, entre las socias que se dedican a la venta D. productos requieren D. capital para la compra D. insumos y materiales para mejorar sus ventas e incrementar sus ingresos para poder brindar a sus familias una mejor calidad D. vida. Una mayoría D. los miembros del grupo se encuentra cursando su tercer ciclo juntos demostrando tener aptitudes para el manejo y administración D. los fondos otorgados y responsabilidad con los pagos.

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

  • $5,500
    Average annual income
  • 130
    View loans »
    Bolivia Loans Fundraising
  • $33,237,800
    Funds lent in using Kiva
  • 7.0
    Bolivia Bolivianos (BOB) = $1 USD