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Las Maravillas Group
In this Group: Marlene, Sabina, Glady, Silvana, Rolando, Sabina, Zulma, Ana Paola, Katerine, Briselida, Katerin, Juana, Milka Elena, Karina, Mariano Manuel, Ersi
The community bank “Las Maravillas” is represented by Marlene and composed of 16 members, who are mostly women engaged in the selling of products such as empanadas, food, neighborhood grocery stores, and as assistants in well-known factories. Within the commercial sector, there is a lot of competition, but the members don't worry about it, owing to their confidence in the products they sell. But there remains the desire to increase their business, and for this reason they came to economic support of Fundación Agrocapital, which offers them a fund that will help the growth of their small businesses and therefore improve the quality of life of their families. In general, the members have experience in group loans; despite being their first cycle with the institution, they count on their experience managing funds for similar financial entities, and they know how to respond to their obligations on time.
View original language description ↓
El banco Comunal “Las Maravillas” esta representado por la señora Marlene y conformado por 16 miembros en su mayoría mujeres dedicadas al comercio de productos como empanadas, comida, abarrotes en tiendas de barrio y como ayudantes en fábricas conocidas. Dentro del ámbito comercial existe mucha competencia pero las socias no se preocupan por ello debido a que confían en los productos que comercializan, pero les queda el deseo de incrementar su negocio, es por esta razón que acudieron al apoyo económico de la Fundación Agrocapital que les brinda un fondo que ayudara al crecimiento de sus pequeños negocios así como al mejoramiento de la calidad de vida de sus familias. En general las socias cuentan con experiencia en grupos solidarios a pesar de ser su primer ciclo con la institución pero cuentan con experiencia del manejo de fondos por entidades financieras similares y saben como responder a sus obligaciones puntualmente.

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
  • 117
    View loans »
    Bolivia Loans Fundraising
  • $28,261,650
    Funds lent in using Kiva
  • 7.0
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A portion of Las Maravillas Group's $3,275 loan helped a member operational Capital.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 14, 2009
Listed
Jun 7, 2009
Currency Exchange Loss:
Covered
Ended:
Nov 15, 2009