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Virgen De Fatima Group
In this Group: Maria, Fabiola, Bartolo, Norma, Yaneth, Angela, Maria Lourdes, Aida, Teofila, Angel Henry, Francisco*, Simona, Monica, Marcos, Fatima, Ana Maria
* not pictured
María represents the Virgen D. Fátima Group, which is comprised of 16 members. The men in the group work in Guabira Sugar Production, and have small businesses selling groceries in neighborhood stores. Their wives take care of the stores during the day. Other men are bricklayers and taxi drivers, and they need work tools to do their work more efficiently. The women in the group sell different products like food, groceries, fruit, and cosmetics. The president sells beer and soda in her home. The competition in their fields is high. Because of this they know how to get ahead in their work.

The loan is for the growth of their businesses by purchasing merchandise, supplies, and tools to increase their income. This will allow them to give their families a better quality of life. In respect to their loan experience, this is their first loan cycle with the Institution. They are happy to be offered an economic support that helps to generate better income and improves their families’ quality of life.
View original language description ↓
El grupo “virgen D. Fátima” esta representado por la señora Maria y conformado por 16 miembros donD. los varones trabajan en el ingenio azucarero Guabira y aparte tienen pequeños negocios D. venta D. abarrotes en tiendas D. barrio los cuales serán atendidos durante el día por sus esposas, los otros varones son albañiles y taxistas los cuales requisen D. herramientas D. trabajo para realizar un trabajo mas eficiente, entre las mujeres se dedican a la venta D. diferentes productos como comida, abarrotes, frutas, cosméticos, la presidenta se dedica a la venta D. cerveza y sodas en su domicilio. La competencia dentro D. sus rubros es alta, pese a eso saben sacar adelante la actividad económica a la que se dedican. El crédito esta destinado al crecimiento D. sus negocios con la compra D. mercaderías, insumos y herramientas para mejorar más sus ingresos que les permitirá darles a sus familias una mejor calidad D. vida. En cuanto a la experiencia crediticia las socias van cursando su primer ciclo dentro D. la institución pero están contentos D. que se les brinD. un apoyo económico que ayudada a generar mejores ingresos y a mejorar la calidad D. vida D. su familia


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
  • 179
    View loans »
    Bolivia Loans Fundraising
  • $30,838,375
    Funds lent in using Kiva
  • 7.0
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A portion of Virgen De Fatima Group's $3,100 loan helped a member operating capital.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 20, 2009
Listed
Oct 1, 2009
Currency Exchange Loss:
Possible
Ended:
Mar 15, 2010