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Santa Teresa Group
In this Group: Patricia, Karina, Fabiola, Marianela, Susana, Raul, Ines, Luzmi, Lola, Lilia, Erika Margot, Maria, Juanita Sandra, Jenny
The members of Santa Teresa Group all know each other, and some of the members belong to the same family. The president of the group is Karina. The group has fourteen members, each of which have different types of businesses, including selling cosmetics, clothes, groceries, computers, chocolate, artisanal crafts, porcelain decorations, breakfast, and lunch. Also, Raul lends out DJ equipment for parties.

Everyone would like to use the loan to buy more stock, material, and tools for their businesses. They all have competition in their industries, but they are confident in their business abilities and will be responsible in paying back the loan. Also, since they have taken out loans in the past, they know the importance of everyone paying back on time in order to have access to future loans.

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
  • 94
    View loans »
    Bolivia Loans Fundraising
  • $29,043,925
    Funds lent in using Kiva
  • 7.0
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A portion of Santa Teresa Group's $3,925 loan helped a member to buy more stock for sale.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 30, 2009
Listed
Aug 1, 2009
Currency Exchange Loss:
Possible
Ended:
Jan 15, 2010