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San Martin Group
In this Group: Luis Fernando, Maida, Cleotilde, Yanil, Dolly, Carla Lorena, Maritza, Celia, Viviana, Esmeralda, Concepcion, Marya Miguelina, Silvia
Luis Fernando represents the San Martin Group. The group is comprised of 13 members with low incomes. They are very hard-working and have the expectation of achieving more income. The women have had a friendship for a long time; they know each other through their businesses and as neighbors.

They work in different types of commercial activities like a grocery store, selling bread, cakes, cell phones, shoes, cosmetics, and making articles of clothing. Some have fixed stands and others are street vendors. If they have competitors, the members have the ability to move their stands and to diversity their merchandise to be able to get a daily income to support their families.

The loan is to buy merchandise, supplies, and tools to help them improve their daily income. For example, getting an electric sewing machine would really help Silvie to deliver her work more quickly. This would improve her daily income to support her children. She would be able to give them everything she always dreamed about, a better education and a better future for the whole family.

As far as their loan experience goes, the members are in their fourth cycle. They show a great desire to keep growing, honesty, and responsibility in their payments.
View original language description ↓
El grupo "San Martín" esta representado por el señor Luis Fernando y conformado por 13 miembros de bajos ingresos muy trabajadoras y con expectativas de lograr mas ingresos. Las señoras tienen una amistad desde hace mucho tiempo conociéndose en sus actividades comerciales y como vecinas del barrio. Desempeñan diferentes tipos de actividades comerciales como tienda de abarrotes, venta de pan, pastillas, celulares, zapatos, cosméticos y a la elaboración de prendas de vestir ya sea en puestos fijos o ambulantes. En cuanto al entorno competitivo podemos mencionar que sus competidores si bien están presentes las socias tienen la facilidad de mover sus puestos y diversificar su mercadería para poder obtener así un ingreso diario para el sustento de sus familias. El destino del crédito es para invertir en mercadería, insumos y herramientas que ayuden a mejorar los ingresos diarios como por ejemplo la adquisición de un maquina de coser eléctrica que ayudaría mucho a doña Silvia para entregar trabajos mas rápidos y mejorar cada día mas los ingresos para sustentar a sus hijos y poderles dar todo lo que ella siempre soñó, una mejor educación y un futuro mejor para toda su familia. En cuanto a sus experiencias crediticias las socias van cursando ya su cuarto ciclo demostrando muchas ganas de seguir creciendo y honestidad y responsabilidad en sus pagos.

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
  • 198
    View loans »
    Bolivia Loans Fundraising
  • $31,028,500
    Funds lent in using Kiva
  • 7.0
    Bolivia Bolivianos (BOB) = $1 USD