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Virgen De Concepcion Group
In this Group: Francisca Teodora, Andrea, Leonor*, Francisca, Marcelino, Herminia Adela, Geronimo, Lourdes Carmen, Normah, Flora Antonia, Eufrasia, Yessica Silvana, Virginia, Rufina *
* not pictured
"Virgen de Concepción" ("Immaculate Conception") is the name for this group of 14 members who have dedicated a large part of their lives to selling all kinds of merchandise. For example, Francisca G. makes a living, along with her husband, buying plastic cones used to package threads and strings, and then when they have enough, they resell it to the factories to recycle. Her fellow members have other activities such as, selling fabrics, making vests and jackets, selling groceries and selling condiments and other items. The members attest they need to purchase merchandise, and in this way they will obtain more resources for their family's well-being.
View original language description ↓
"Virgen de Concepción" es el nombre elegido por un grupo de catorce miembros, que han dedicado gran parte de su vida al comercio de todo tipo de mercadería, por ejemplo Francisca G. junto a su esposo, se dedica a la compra de conos de plástico (reciclaje de conos para hilos y cuerdas), luego de obtener estos en cantidad los revende a fabricas de hilos, Sus compañeras tienen otras actividades como ser: venta de telas, confección de chalecos y chamarras, venta de abarrotes, venta de condimentos y otros. Afirman que necesitan comprar mercadería, de este modo obtener mejores recursos para el bien de sus familias.

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
  • 96
    View loans »
    Bolivia Loans Fundraising
  • $28,867,525
    Funds lent in using Kiva
  • 7.0
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A portion of Virgen De Concepcion Group's $4,400 loan helped a member purchase merchandise.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 30, 2009
Listed
Nov 1, 2009
Currency Exchange Loss:
Covered
Ended:
Apr 16, 2010