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Corazon De Maria Group
In this Group: Norah, Miriam, Carmen, Teodora, Luz Marina, Carmelo, Elias, Jhenny, Erika, Ana, Juan Carlos, Dilma, Martha
The Corazon de Maria Communal Bank, represented by Ms. Norah, is comprised of 13 members who earn daily wages generated by their small businesses selling fruit, yogurt, empanadas, flowers, and food, or providing hairstyling or bricklaying services. In terms of competition, the group members are people who produce and sell high-quality products that they make themselves, which is why they have faithful customers who help them generate the profits necessary for their family expenses. For this reason, they need this loan in order to make their businesses grow by obtaining supplies, materials and the new tools that they need to make a greater quantity of products and offer better services. Thus, they can generate more income, which will allow them to give their families a better quality of life. Regarding experience with solidarity groups, a large majority of the members have previously worked with similar microfinance institutes, but none has ever given them the support and trust that the Fundación has given them so that they can make progress with their plans of growth, in so doing, giving their families a better quality of life.
View original language description ↓
El banco comunal "Corazón de María" esta representado por la señora Norah y conformado por 13 miembros los cuales cuentan con un ingreso diario generado por sus propios negocios pequeños como la venta de frutas, yogurt, empanadas, F., comida y prestando servicios como peluquería y albañilería. En lo que representa a la competencia las socias son gente que produce y vende productos de calidad hechas por ellas mismas por lo que tienen clientes fieles que les ayudan a generar un ingreso necesario para el sustento de sus familias, es por esta razón que requieren del préstamo para hacer crecer sus negocios con la adquisición de insumos materiales y nuevas herramientas que ayuden a generar una mayor cantidad de productos y una mejor prestación de servicios que genere mayores ingresos y le permita brindar a sus familias una mejor calida d de vida. En cuanto a al experiencia en grupos solidarios una gran mayoría de 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 de crecimiento y así darles una mejor calidad de 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
  • 181
    View loans »
    Bolivia Loans Fundraising
  • $30,854,225
    Funds lent in using Kiva
  • 7.0
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A portion of Corazon De Maria Group's $2,800 loan helped a member working capital.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 29, 2009
Listed
Dec 1, 2009
Currency Exchange Loss:
Possible
Ended:
Jun 25, 2010