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Flor De Amapolas Group
In this Group: Paulina, Josefa, Rosa, Simona, Irene*, Felicidad, Sofia, Brigida, Adriana, Teodora, Chiara Zuleta Lucia*, Maria Eugenia, Lidia, Damiana
* not pictured
In the Cascada communal banking group in the city of El Alto, the “Flor de Amapolas” association was formed more than eleven years ago. Paulina T., who is currently the president, is one of the founders who invited her female neighbors and friends to become part of the group.


The members of this group are mainly merchants selling all types of products such as blankets, mattresses, vegetables, fruit, sweaters, woven wraps, grains, and more. They need to purchase greater quantities of product in order to obtain greater profits.

View original language description ↓
En el centro focal Cascada ubicado en la ciudad de El Alto, hace más de once años, se formo la asociación “Flor de Amapolas”, Paulina T. que actualmente es la presidenta, es una de las fundadoras, invitando a sus vecinas y amigas a formar parte del grupo.
Las integrantes de este grupo en su mayoría son comerciantes, venden todo tipo de productos, por ejemplo; frazadas, colchones, verduras, fruta, chompas, aguayos, cereales y otros. Necesitan comprar mayor cantidad de productos para obtener mayores ganancias.

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
  • 185
    View loans »
    Bolivia Loans Fundraising
  • $30,987,625
    Funds lent in using Kiva
  • 7.0
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A portion of Flor De Amapolas Group's $4,650 loan helped a member product Purchasing.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 29, 2009
Listed
Oct 1, 2009
Currency Exchange Loss:
Covered
Ended:
Feb 15, 2010