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Divino Niño Group
In this Group: Luminada, Anel, Maritza, Luciana, Maria Tereza, Mariela, Elena, Wilma, Maria Rosario, Petrona, Enry, Elizabeth, Enrique, Jeine Rosario
Luminada represents the Divino Niño Bank. The bank is comprised of 14 very dynamic and hard-working members. Most of the members sell empanadas in the central market. The rest of the members also have the same type of businesses; but they sell baked goods, “saltañas” (Bolivian stuffed pastries), and groceries in neighborhood stores. Their only competition is among themselves because there are not a lot of people doing the same work. Almost all live in the hospital neighborhood. The only thing lacking is the capital to make their businesses grow.

That is why they need a loan to buy supplies and materials to expand and finance their businesses more. This group is in their third cycle. They demonstrate punctuality and the desire to get ahead in their businesses. They want this to be able to give their families a better quality of life.
View original language description ↓
El banco “Divino Niño” esta representado por la señora Luminada y conformado por 14 miembros de los cuales son muy dinámicas y trabajadoras. Una mayoría de las socias se dedican a las venta de empanada en mercado central, las demás socias también tienen negocio del mismo tipo pero varían de masitas, saltañas, abarrotes en tiendas de barrio y la competencia es entre ellas porque no hay muchas persona que se dedican ha esto, casi todas viven por el barrio del hospital por lo que solo les hace falta capital para hacer crecer mas sus negocios es por esta razón que requieren del crédito para capitalizarse y principalmente mara la compra de insumos y materiales para expandir y afianzar mas sus negocios. Este grupo ya va cursando su tercer ciclo demostrando puntualidad y ganas de sacar adelante sus negocios para poder darles a sus familias una mejor calidad de vida.

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
  • 129
    View loans »
    Bolivia Loans Fundraising
  • $29,659,500
    Funds lent in using Kiva
  • 7.0
    Bolivia Bolivianos (BOB) = $1 USD