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Virgen De Copacabana Group
In this Group: Richard Nelson, Sandra Roxana, Jhaneth Marleni, Miguelina, Isabel, Nicolasa, Porfirio, Gladys Marlene, Panfila, Walter Samuel, Maria*, Santusa
* not pictured
The group “Virgen de Copacabana” is represented by Señor Richard Nelson, who along with the twelve members of his group, are in their third loan cycle and always demonstrate punctuality, responsibility, and unity. A majority of the members of the group earn their living selling second-hand clothing, food, and cold cuts, or in activities such as construction and dressmaking. The members travel around constantly selling their merchandise as their biggest markets are found in areas a long way from the city.

The purpose of this new loan is to obtain more items such as material, building supplies, and clothing so the members can sell in distant areas and earn more money to provide their families with a better quality of life. There is a lot of competition in the central markets so the members are forced to take their products to more distant areas, seeking markets where there is not so much competition. With regard to their experience with credit, the group has been together since the first loan cycle with the institution so they have a good understanding of the group loan system.
View original language description ↓
El grupo ”Virgen de Copacabana” esta representada por el señor Richard Nelson quien junto a los 12 miembros del grupo van cursando juntos su tercer ciclo demostrando puntualidad, responsabilidad y unidad. Una mayoría de los miembros del grupo se dedica a la venta de ropa usada, venta de comida, carnes frías y actividades como la construcción y la confección de prendas de vestir, los socios se encuentran en constantes viajes para acomodar su mercadería ya que su mayor mercado se encuentran en provincias alejadas de la ciudad. El propósito de este nuevo financiamiento es para incrementar su materia prima como tela y material de construcción y mercadería como mas ropa para poder abarcar a todas las provincias lejanas y así poder tener mayores ingresos para darles a sus familias una mejor calidad de vida. El nivel competitivo es alto en los mercados centrales es por esta razón que se ven forzados a sacar su mercadería a las diferentes provincias de la ciudad buscando mercados donde no haya tanta competencia. En relación a la experiencia crediticia se encuentran juntos desde el primer ciclo en la institución por lo que conocen claramente de crédito solidarios.

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
  • 186
    View loans »
    Bolivia Loans Fundraising
  • $30,960,550
    Funds lent in using Kiva
  • 7.0
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A portion of Virgen De Copacabana Group's $3,700 loan helped a member operating capital.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 16, 2009
Listed
Aug 13, 2009
Currency Exchange Loss:
Possible
Ended:
Jan 15, 2010