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Damas Bibosi Group
In this Group: Loreto, Karina, Maria Martha, Arcelia, Leny, Oliver, Luis Alberto, Benita, Francisca Ledezma, Maria, Rosa Carmen, Irma
The group “Damas Bibosi” [“Ladies Bibosi”] is lead by Mr. Loreto and is composed of 12 members that are responsible and punctual in their payments. The majority of the group members sell cosmetics, and others sell Dulce de Leche [caramel desert], jam, and other candies. Other group members own neighborhood stores stocked with groceries, run a hair salon, and make and distribute bread. Market competition is high, but the group members have worked in their various fields for years, and count on loyal clients and business experience so they don’t worry much about competition. The loan will be used to acquire merchandise, supplies, and materials that will help generate higher profits so that they can offer their families a better quality of life. As far as their loan experience, the group members are in their first loan cycle with the institution, but they already have experience in institutions similar to the Agrocapital Foundation through which they understand the methods of solidarity loans. One of the members is with her mother in the photograph.
View original language description ↓
El grupo “Damas Bibosi” esta representado por el señor Loreto y conformado por 12 miembros de personas muy compactas es decir responsables y siempre puntuales en sus pagos, la mayoría de las socias vende cosméticos, otras de las socias realizan dulces de leche para su venta así como jalea y otros dulces, otras poseen tiendas de barrio con stock de abarrotes, servicio de peluquería y algunas realizan pan para su venta y distribución. La competencia dentro de su rubro es alta pero las socias del grupo ya trabajan años y cuentan con clientela fiel y experiencia en el negocio por lo que no le preocupa mucho la competencia. El destino del financiamiento es para la adquisición de mercadería, insumos y materiales que ayuden a generar mayor rentabilidad para brindarle a su familia una mejor calidad de vida. En cuanto a la experiencia crediticia las socias van cursando su primer ciclo dentro de la institución pero ya cuentan con experiencia en entidades similares a la fundación Agrocapital por lo que conocen la modalidad de créditos solidarios.Una de las socias se encuentra en compañia de su madre en la fotografia.

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
  • $28,645,575
    Funds lent in using Kiva
  • 7.0
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A portion of Damas Bibosi Group's $3,975 loan helped a member operations capital (to acquire merchandise, supplies, and materials).
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 23, 2009
Listed
Oct 31, 2009
Currency Exchange Loss:
Possible
Ended:
Apr 15, 2010