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Fortaleza Group
In this Group: Irma, Modesta, Ana Maria, Fanny Alcira, Virginia, Julia Victoria, Roberto Giovani, Gladys, Pamela Laura, Noemi Rosario, Flora Juana*
* not pictured
The group called “Fortaleza” (Strength) has been working with Pro-Mujer for five years. They now have eleven members and have demonstrated themselves to be a group that is organized in paying their loan amounts. Currently this group has a variety of businesses. For example, Roberto sells a variety of toys, others sell cosmetics, or groceries, and some members make sweetbreads and pastries and have tea and cafeteria businesses. They need capital in order to buy more ingredients and merchandise so they can have better incomes; this will allow them to provide better living conditions for their families.
View original language description ↓
La asociación denominada “Fortaleza” trabaja junto a Pro-Mujer hace cinco años, a la fecha cuenta con once miembros, que han demostrado ser un grupo organizado en cuanto a sus cuotas de crédito.
Actualmente este grupo tiene negocios independientes, por ejemplo Roberto vende variedad de juguetes, otras se dedican a la venta de cosméticos, víveres, además también otras socias elaboran masitas y ofrecen servicio de te y cafetería. Necesitan capital para poder comprar mayores insumos o mercadería para obtener mayores ingresos que les permita ofrecer mejores condiciones de vida a sus familias.

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
  • 188
    View loans »
    Bolivia Loans Fundraising
  • $30,889,250
    Funds lent in using Kiva
  • 7.0
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A portion of Fortaleza Group's $3,300 loan helped a member to buy ingredients and merchandise.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 14, 2009
Listed
Sep 1, 2009
Currency Exchange Loss:
Covered
Ended:
Jan 15, 2010