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Virgen Niña Group
In this Group: Martha Rosario, Sabino Juan, Ester, Guadalupe Susana, Jhaclym, Arminda, Froyla Emma, Ivar Marcelo*, Shagira Vanessa, Maria*, Virginia, Rosse Mary
* not pictured
The “Virgen Niña” group is represented by Martha Rosario and comprised of 12 members who live in the same neighbourhood and have known each other for many years. The group´s members carry out different activities, amongst which are: sale of food and cosmetics, neighbourhood stores, public transport service and baking. Their businesses are located in different areas of the city, which is why they are profitable.

The financing they will gain from this loan will be used to increased their operational capital in the purchase of supplies, merchandise and tools. These purchases will enlarge their small businesses and generate a higher profit to offer their families a better quality of life.

The members have demonstrated responsibility and punctuality at every moment in the payment of their quotas in their previous loan cycle. According to the report from the Centre for Risk Control, they have good credit ratings in the other financial institutions they have previously banked with.
View original language description ↓
El grupo tarijeño “Virgen Niña” esta representada por la señora Martha Rosario y conformada por 12 miembros los cuales radican en el mismo barrió por lo que se conocen desD. hace muchos años. Los socios cuentan con diferentes actividades económicas entre las que podemos mencionar la venta D. comida, tiendas D. barrio, venta D. cosméticos, servicio D. transporte público y a la elaboración D. reposterías; sus negocios se encuentran en las diferentes zonas D. la ciudad, por lo que sus negocios son rentables. El financiamiento esta destinado al incremento D. su capital D. operaciones adquiriendo insumos, mercadería y herramientas para agrandar mas sus pequeños negocios generando una mejor rentabilidad que brinD. a sus familias una mejor calidad debida. Los socios indican que invertirán en incrementar el capital D. sus negocios D. las diferentes actividades que tienen. Las socias del banco han demostrado responsabilidad y puntualidad en el pago D. sus cuotas en el anterior ciclo demostrando responsabilidad en todo momento. Según el reporte D. la central D. riesgos se pueD. ver que tienen buenos antecedentes crediticios en otras instituciones financieras.

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
  • 112
    View loans »
    Bolivia Loans Fundraising
  • $28,250,825
    Funds lent in using Kiva
  • 7.0
    Bolivia Bolivianos (BOB) = $1 USD