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Nueva Jerusalen Group
In this Group: Elvira, Patricia, Marcela, Silvia Eugenia, Celia Luisa, Cecilia, Guisela, Deicy, Petronilda, Heidy, Zoila, Nelly, Ana Maria, Maria Luisa
The “Nueva Jerusalén” (New Jerusalem) group is led by Sra. Elvira and composed of 14 members who are starting their third loan cycle together. They have demonstrated responsibility and honesty with the payments on their previous loans. Most of the members are involved retail businesses selling products such as clothing, hamburgers, groceries, cosmetics, and cleaning supplies. Competition in the sales business is high, but the members know what they need to do to get ahead because their families’ livelihoods depend on their success.

Their loan will be used to increase their inventories, purchase supplies, and acquire tools that will help them do a better job of generating more revenue. As a result, they can achieve a better quality of life. Regarding their credit experience, it was mentioned previously that they are starting their third loan cycle and have been successful and responsible with their payments.

View original language description ↓
El grupo “Nueva Jerusalén” esta representado por la señora Elvira y conformada por 14 miembros las cuales van cursando juntas ya su tercer ciclo demostrando responsabilidad y honestidad en sus pagos. La mayoría D. las socias se dedican a la venta D. productos como ropa, hamburguesas, abarrotes, cosméticos y productos D. limpieza. La competencia dentro del rubro D. venta D. es alta pero las socias saben bien como salir adelante ya que D. ello depenD. el sustento D. sus familias. El destino del crédito es para incrementar su mercadería y mullirse D. insumos y herramientas que ayuden a realizar mejor su trabajo para generar mayores ingresos que servirán para brindar a sus hogares una mejor calidad D. vida. En cuanto a la experiencia crediticia las socias ya llevan cursando su tercer ciclo demostrando ganas D. salir y responsabilidad en sus pagos.

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
  • 168
    View loans »
    Bolivia Loans Fundraising
  • $33,362,700
    Funds lent in using Kiva
  • 7.0
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A portion of Nueva Jerusalen Group's $3,275 loan helped a member operating capital.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Sep 1, 2009
Sep 30, 2009
Currency Exchange Loss:
Feb 15, 2010