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Fe Y Alegria Group
In this Group: Karina, Teresa, Narda, Adiley, Tania Jacqueline, Ana Gabriela, Carolina, Rocio*, Benita, Maxima, Eladia, Carmen
* not pictured
The members of the comunal bank "Fe y Alegría" are represented by Karina. The group is maD. up of 12 members that are from the same neighborhood and all of whom have their own businesses; however the majority are involved in selling food, jewelry, cellular phones, but mainly food as street vendors or in fixed locations. The competitive environment for the businesses is fierce but success depends on how the food is prepared, hygiene and experience in the business. The loan is to be used for the acquisition of fixed booths, the purchase of ingredients and new tools to perform their work with more efficiency, such as potato cutters, kitchens, etc. to allow their businesses to grow and earn larger incomes to proviD. their families with a better quality of life. In terms of the credit history of the members, they have demonstrated punctuality and responsibility in their payments showing that they know how to manage their funds to generate a higher income for their businesses.
View original language description ↓
Las socias del banco comunal “Fe y Alegría” están representadas por la señora Karina y conformada por 12 miembros que radican en el mismo barrio, todas tienen negocios propios, pero una mayoría se dedica a la venta D. comida, joyas, celulares y joyas pero en general comida D. todo tipo ambulante y en puestos fijos. El entorno competitivo en el negocio es granD. pero depenD. mucho del gusto con que se prepare la comida la higiene y la experiencia en el negocio como lo han demostrado en los años anteriores. El destino del crédito es para la adquisición D. puestos fijos, compra D. insumos, y nuevas herramientas para realizar su trabajo con más eficiencia como una cortadora D. papas, cocinas, etc. para hacer crecer sus negocios y obtener mejores ingresos para brindar a sus familias una mejor calidad D. vida. En cuanto a la experiencia crediticia las socias van cursando un ciclo mas dentro D. la institución demostrando puntualidad y responsabilidad en sus pagos por lo que saben como manejar bien sus fondos para que estos generen un mayor beneficio para sus negocios.

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
  • 159
    View loans »
    Bolivia Loans Fundraising
  • $32,260,600
    Funds lent in using Kiva
  • 7.0
    Bolivia Bolivianos (BOB) = $1 USD