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4 De Septiembre Group
In this Group: Nona, Carmen Magalena, Jose, Delmy Susana, Yohana, Nineth, Ross Mery, Hugo Wilder, Oscar Ruben, Maria Elena, Neisa, Laura
The "4 D. Septiembre" group is maD. up of 12 members, led by Nona, who have their own businesses consisting of such things as: sales of hamburgers in the square, sales of turnovers, catalogue cosmetic sales, welding services, and public transportation. They don't have much competition but still want to reap higher benefits from their work so they need financing to purchase ingredients, materials and tools to make their work more efficient and of higher quality. Most of the members have prior experience with credit management since they have worked with similar financial institutions but none of them offered the support and trust that the foundation has for their progress and to get ahead with their growth projects aiming at providing their families a better quality of life.
View original language description ↓
El grupo “4 D. Septiembre” esta representado por la señora Nona y conformado por 12 miembros los cuales tienen cuentan con sus propios negocios D. venta D. productos como comida como hamburguesas en la plaza, refrescos, empanadas cosméticos por catálogos, servicio D. soldadura y transporte publico La competencia en su ámbito D. trabajo no es muy competitivo pero desean obtener un mayor beneficio en sus negocios es por esta razón que requieren del préstamo para la adquisición D. insumos, materiales y herramientas para realizar un trabajo mas eficiente y D. mejor calidad. En cuanto a al experiencia en grupos solidarios una gran mayoría D. los socios ya cuenta con experiencia en instituciones similares pero ninguna le brindo el apoyo y la confianza que le otorga la fundación para progresar y salir adelante en sus proyectos D. crecimiento y así darles una mejor calidad D. vida a 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

  • $5,500
    Average annual income
  • 204
    View loans »
    Bolivia Loans Fundraising
  • $31,480,250
    Funds lent in using Kiva
  • 7.0
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A portion of 4 De Septiembre Group's $2,675 loan helped a member working capital.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 20, 2009
Listed
Dec 1, 2009
Currency Exchange Loss:
Possible
Ended:
Jun 25, 2010