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La Esperanza Group
In this Group: Ricardo, Betty, Elieth, Isaac Freddy, Marina, Mirna, Sandra, Ericka, Elida Edith, Fabiola, Samuel, Juana
Mr. Ricardo represents the members of the group “The Hope.” The group is made up of 12 people, who mostly sell different products, like street food, cosmetics through catalogues, underwear, household painting services, education, and the production of clothing. The competition in this commercial setting is high, but the members of the group know how to go forward thanks to their experience and their desire to work. The loans will be used to buy materials, supplies, and tools that help to generate a larger income, since the livelihoods of their families and the improvements in their quality of life depend on these activities. With respect to the members’ experiences in solidary groups, they have received loans before from organization similar to Fundación Agrocapital, so they are familiar with the principal requirements, which are honesty, responsibility, and, above all, a desire to work.
View original language description ↓
Los miembros del grupo “La Esperanza “ están representados por el señor Ricardo y conformado por 12 personas que en su mayoría se dedican a la venta de diferentes productos como comida al paso, cosméticos por catálogos, ropa interior y al servicio de pintura domiciliaria, a la educación y a la confección de prendas de vestir. . La competencia en el ámbito comercial es alta pero los miembros del grupo saben como salir adelante gracias a su experiencia y sus ganas de trabajar. El destino del financiamiento es para la adquisición de materiales, insumos y herramientas que ayuden a generar un mayor ingreso ya que de ello depende el sustento de sus familias y mejoramiento de su calidad de vida. En lo que respecta a experiencia en grupos solidarios la mayoría de los miembros del grupo obtuvieron financiamientos con anterioridad en entidades similares a la fundación Agrocapital por lo que conocen los requisitos principales que son honestidad, responsabilidad y sobre todo ganas de trabajar.

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
  • 93
    View loans »
    Bolivia Loans Fundraising
  • $28,715,675
    Funds lent in using Kiva
  • 7.0
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A portion of La Esperanza Group's $3,075 loan helped a member capital for businesses.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 16, 2009
Listed
Aug 1, 2009
Currency Exchange Loss:
Possible
Ended:
Jan 15, 2010