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Faroles Group
In this Group: Alberto, Rosario, Missel Gabriela, Rita, Concepcion, Bertha Maxima, Sandra Elizabeth, Jesus Ignacio*, Lidia Julia, Ricarda, Monica, Yoselin, Alicia Ruth De
* not pictured
The communal bank called BC FAROLES consists of 13 people of various ages that range from 20 to 50 years. The president of the bank is a person of strong character, cheerful and proactive who, with his sister, forms part of the bank. He has a son who is school-aged. Senora Missel, treasurer, is a go-getter and a determined person who has a minor child who is a year old. Sandra Elizabeth, secretary of the bank, is a person who is very determined and proactive, and the other members of the bank have similar personalities. The president, Alberto, makes sporting clothes. Senora Missel sells cellular phones in a market in the city. Sandra sells office supplies (scotch tape, etc.) wholesale, which she distributes in the different markets in the city. Other members sell food from their homes and another member repairs cell phones and computers. While there are other similar businesses in the area where they are developing their activities, the affluence of the consumers in the markets and the constant urban growth makes it such that the activities that they are developing are not affected. On the contrary, many of the members are hoping to grow their businesses and for this reason they are requesting this loan. The members are requesting this loan in order to acquire merchandise in greater quantity, others to buy new machines to increase their production, others to buy raw materials in quantity and thus increase their working capital. This group is in its first credit cycle, but the majority of them already know each other and have experience working with this type of credit.
View original language description ↓
El Banco Comunal denominado BC FAROLES está conformado por trece personas D. edades variadas que oscilan desD. los 20 a los 50 años. El presidente D. la banca es una persona D. carácter fuerte, alegre y proactiva que en conjunto con su hermana forma parte D. la banca, por otro lado tiene 1 hijo el cual se encuentra en edad escolar, La Sra. Missel tesorera es una persona determinada y proactiva, que cuenta con un niño menor a un año la Sra. Sandra Elizabeth secretaria D. la banca es una persona con carácter proactivo y determinado, las otras personas que conforman la banca tienen personalidades similares. El presidente el Sr. Alberto se dedica a la confección D. ropa (deportivos), la Sra. Miseel se dedica a la venta D. celulares en la feria D. la cuidad. La Sra. Sandra se dedica a la venta D. material D. escritorio (scotch) por mayor lo cual lo distribuye en las diferentes ferias D. la ciudad, otra D. las socias se dedica a la venta D. comida en su domicilio, otro miembro se dedica a la reparación D. celulares como D. computadoras. Si bien dentro D. los lugares donD. se desarrollan sus actividades existen otros similares, la afluencia D. consumidores a los mercados, y el constante crecimiento urbano hace que las actividades que se desarrollan en el lugar no se vean afectadas por lo contrario muchas D. las socias están esperanzadas en hacer crecer sus negocios ampliándolos por lo cual solicitan el crédito. Las socias solicitan el crédito para realizar la adquisición D. mercadería en mayor cantidad, otras para la compra D. nueva maquinas para incrementar su producción, otros para compra D. materia prima en cantidad con lo cual crecer en cuanto a su capital D. trabajo. Este grupo se encuentra en su primer ciclo, pero la mayoría D. ellas ya se conocen entre sí y cuentan con experiencia D. trabajo en esta modalidad D. crédito.

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
  • 89
    View loans »
    Bolivia Loans Fundraising
  • $28,645,575
    Funds lent in using Kiva
  • 7.0
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A portion of Faroles Group's $2,800 loan helped a member to buy merchandise and raw materials.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 21, 2009
Listed
Nov 19, 2009
Currency Exchange Loss:
Possible
Ended:
Mar 15, 2010