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Flor De Canela De Jovenes Group
In this Group: Oscar, Betzabe, Ruth, Arminda
The community organization “Flor de Canela de Jóvenes” has four members. Its president is Oscar M., who has a sewing business and will use this loan to purchase raw materials like cloth. Oscar currently works alone but his goal is to start a small business with fixed assets and to have employees.


The other members of the association also have their own businesses, like knitting gloves, sewing, and clothing sales. They will also use the loan to purchase raw materials.


The four members are very motivated to work together and support each other.

View original language description ↓
La Asociación Comunal “Flor de Canela de Jóvenes” tiene cuatro integrantes, su presidente es Oscar M., quién tiene el negocio de costura y utilizará el préstamo para comprar materia prima, como es la tela. Oscar actualmente trabaja solo pero su objetivo es montar una microempresa, contar con activos fijos y tener empleados. Los demás integrantes de la Asociación también tienen negocios como el tejido de guantes, costura y venta de ropa, ellos también utilizaran el préstamo para la compra de materia prima.
Los cuatro se mostraron muy motivados a trabajar juntos y apoyarse mutuamente.

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
  • 135
    View loans »
    Bolivia Loans Fundraising
  • $29,670,850
    Funds lent in using Kiva
  • 7.0
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A portion of Flor De Canela De Jovenes Group's $500 loan helped a member purchase of raw materials.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 18, 2009
Listed
Jun 24, 2009
Currency Exchange Loss:
Covered
Ended:
Jan 15, 2010