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Las Margaritas Group
In this Group: Mery Martha, Soledad Miriam, Cristina, Jenny, Victoria, Albaro Fidel, Martha Marcela, Patricia Conzuelo, Jesus Miguel, Elizabeth, Maria Angelica*, Alberto Daniel
* not pictured
The LAS MARGARITAS Communal Bank is comprised of 12 members of varying ages—anywhere from 20 to 50 years old. The president of the group is a person of strong character who is cheerful and proactive. She has 3 children who are in school. Her eldest is close to finishing his Bachelor’s degree. Ms. Maria is the secretary of the group. She is a cheerful, determined and proactive woman whose sister is also a member of the group. Ms. Elizabeth is the group treasurer. She is also a person of strong character who is very a very cheerful team player. The other members of the group have very similar personalities. The president, Ms. Mery, runs a small general store, while Ms. Maria, like other members of the group, sells cosmetics by catalog. Ms. Elizabeth owns three minibuses that she rents out. Other group members sell food at the nearby schools. Mr. Jesus is a taxi cab driver, while Mr. Albaro runs a small internet café. Even though there are similar businesses all around them, the consumers’ disposable income and the constant urban growth prevent any negative impact with regards to the competition. However, these members are trying to make their businesses grow, which is why they are requesting this loan. Some of the members need this loan in order to obtain merchandise in bulk. Others need it to purchase construction materials to expand their business spaces and provide better customer service. In the case of the drivers and the minibus owner, they need the loan in order to purchase spare parts and provide vehicle maintenance. The owner of the internet café is requesting this loan in order to update his computers’ software and hardware. This group is currently in its fifth loan cycle, which means that the most of the members already know each other and have experience working with microloans.
View original language description ↓
El Banco Comunal denominado LAS MARGARITAS está conformado por doce personas de edades variadas que oscilan desde los 20 a los 50 años. La presidenta de la banca es una persona de carácter fuerte, alegre y proactiva que tiene 3 hijos de los cuales tres están en colegio y el hijo mayor está a punto de salir bachiller , La Sra. Maria secretaria de la banca en una persona muy alegre, determinada y proactiva que en conjunto con su hermana forman parte de la banca, la Sra. Elizabeth tesorera de la banca es una persona con carácter muy alegre y colaboradora, las otras personas que conforman la banca son de personalidades similares. La presidenta la Sra. Mery administra una pequeña tienda de abarrotes venta, la Sra. Maria se dedica a la venta de cosméticos por catálogos al igual de otras de las socias. La Sra. Elizabeth es propietaria de tres minibuses los cuales arrienda y percibe una renta, otras socias de dedican a la venta de comida en las escuelas de las zonas, el señor Jesús se dedica a la conducción de taxi, el Sr. Albaro administra un pequeño café Internet. Si bien dentro de los lugares donde se desarrollan sus actividades existen otros similares, la afluencia de consumidores a los mercados, y el constante crecimiento urbano hace que las actividades que se desarrollaban en el lugar no se vean afectadas por lo contrario muchas de las socias están esperanzadas en hacer crecer sus negocios ampliándolos por lo cual solicitan el crédito. Las socias solicitan el crédito para realizar la adquisición de mercadería en mayor cantidad, otras para la compra de materiales de construcción para el ampliado de sus pequeños locales y dar mejor atención a sus clientes, en el caso de los conductores y la propietaria de los minibuses solicitan el crédito para la compra de repuestos y dar mantenimiento de sus vehículos, el propietario del café Internet solicita el crédito para actualizar sus Computadoras tanto en software como en hardware. Este grupo se encuentra en su quinto ciclo, por lo cual la mayoría de ellas ya se conocen entre sí y cuentan con experiencia de trabajo en esta modalidad de crédito.

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
  • 85
    View loans »
    Bolivia Loans Fundraising
  • $29,370,775
    Funds lent in using Kiva
  • 7.0
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A portion of Las Margaritas Group's $3,350 loan helped a member purchase merchandise.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 15, 2009
Listed
Oct 14, 2009
Currency Exchange Loss:
Possible
Ended:
Mar 15, 2010