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Nuevo Encuentro Group
In this Group: Francisca, Ramona, Maxima, Gladys, Eugenia, Ancelmo, Blanca Maria, Carmen Rosa, Milenka, Frida Veronica, Emeteria, Cynthia Shirley*
* not pictured
Frida C. sells cosmetics at the 16 de Julio market and has had her own booth for ten years. She needs the loan to buy merchandise. Frida is a member of the Nuevo Encuentro Communal Association which is a part of the Alto Lima Focal Center. The other members also have their own businesses such as sewing jackets and skirts, knitting sweaters, and selling vegetables and automotive spare parts. They need the loan to buy raw materials (cloth, thread) and merchandise (vegetables and spare parts). This group is notable for being close and happy. Also, they like to learn and to take their kids to work with them.
View original language description ↓
Frida C. vende cosméticos en la feria “16 de Julio” en su puesto propio hace 10 años, ella necesita el préstamo para comprar mercadería. Frida es integrante de la Asociación Comunal “Nuevo Encuentro” que a su vez pertenece al Centro Focal “Alto Lima”. Las demás integrantes también tienen sus propios negocios como la costura de chamarras, faldas, tejido de chompas y venta de verduras, repuestos de auto. Y necesitan el préstamo para la compra de materia prima (tela, hilo) y mercadería (verduras y repuestos).

Este grupo se caracteriza por ser unidas y alegres, además les gusta aprender y llevar a sus hijos al consultorio.

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
  • 104
    View loans »
    Bolivia Loans Fundraising
  • $29,035,325
    Funds lent in using Kiva
  • 7.0
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A portion of Nuevo Encuentro Group's $1,625 loan helped a member purchase of Raw Materials and Merchandise.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 7, 2009
Listed
Oct 1, 2009
Currency Exchange Loss:
Covered
Ended:
Feb 15, 2010