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8 De Diciembre Group
In this Group: Geovanna Angelica, Silvia Eugenia, Angelica, Neyza, Carola, Marlene, Virginia, Esmeralda, Natalia Viviana, Lila Jesuza, Leticia, Sandra Liliana
The members of the 8th of December Group are represented by Señora Geovana Angelica and consists of twelve members among whom there exists a strong relationship between Señora Neyza and her daughter Leticia, and all of them have independent incomes. This group engages in various activities such as the sale of clothing, or meals, cosmetics saleswomen, neighborhood stores and baking bread. As in all commercial areas, you have supply and demand, and the group members are aware that they must struggle with this, so that their products will be of good quality and at a low price in order to compete in the marketplace. The loan is intended for product diversification and materials acquisition, ingredients and tools that help to develop the small market stands.
Although these members are in their first cycle as a solidarity group, they have experience in other similar organizations and have the capacity for good administration of the funds and have the resonsibility required to fulfill their obligations on time.
View original language description ↓
Las socias del grupo "8 D. diciembre" están representados por la señora Geovana Angelica y conformada por 12 miembros dentro D. los cuales existe un parentesco familiar entre la señora Neyza y su hija Leticia, en todos los casos se cuenta con ingresos independientes. Este grupo tienen diferentes actividades como la venta D. ropa, comida, promotoras D. cosméticos, tiendas en su barrio y a la elaboración D. pan. Como en todo rubro comercial siempre existe la competencia D. la oferta y la demanda por lo que los integrantes del grupo están concientes que deben esforzarse para que sus productos sean D. buena calidad y a un bajo precio para competir en el mercado. El crédito esta destinado para la diversificación D. productos y para la adquisición D. materiales, insumos y herramientas que ayuden al desarrollo D. sus pequeños puestos D. venta. A pesar D. que las socias se encuentran es su primer ciclo como grupo solidario en la institución ya contaban con experiencia D. otras entidades similares por lo que cuentan con la habilidad para la buena administración D. los fondos y con la responsabilidad que se requiere para cumplir a tiempo con sus obligaciones.

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
  • 236
    View loans »
    Bolivia Loans Fundraising
  • $31,587,350
    Funds lent in using Kiva
  • 7.0
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A portion of 8 De Diciembre Group's $1,800 loan helped a member operating Capital.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 6, 2009
Listed
May 23, 2009
Currency Exchange Loss:
Covered
Ended:
Sep 15, 2009