Check out some available loans that are similar to this one!
Las Propiangas Group
In this Group: Mirian, Celestina Rossmery, Benita, Fabiola, Julio Cesar, Mary Eugenia, Nelsy, Agustin, Ana Luz, Orlando, Maricela, Mariela
The Las Propiangas Communal Bank, represented by Ms. Mirian, is comprised of 12 group members—9 women and 3 men. The women sell food, hamburgers, provisions, empanadas, bread, or cosmetics by catalog, while the men are in welding or work in the factories around the city. Competition is high, but the group members know how to get ahead with great efforts and the enthusiasm of owning a business. The loan will be used to generate more profits so that the members can give their families a better quality of life and provide a more promising future for their children: their reason to get ahead in life. Regarding experience in microfinance, the group members have previously worked with institutes similar to Fundación Agrocapital, to which they are grateful for the trust and financial support they have given them.
View original language description ↓
El banco comunal “Las Propiangas” están representadas por la señora Mirian y conformadas por 12 socias de las cuales 9 son mujeres y 3 hombres; Entre las mujeres se dedican a la venta de productos como comida, hamburguesas, abarrotes, empanada, pan y cosméticos por cataloga; mientras que los varones se dedican a la soldadura y el resto son empleados de fabricas en la periferia de la ciudad. La competencia en la venta de productos es alta pero saben como salir adelante con esfuerzo y con entusiasmo de tener su propio negocio. El crédito esta destinado al incremento de su capital, esperan mejorar sus ventas y el crédito será invertido en la compra de más mercadería que será utilizado para generar mayores ganancia para poder otorgarles a sus familias una mejor calidad de vida y un futuro mas prometedor a sus hijos que son su razón para seguir adelante. En cuanto a la experiencia crediticia los socios ya trabajaron atentes en instituciones financieras similares a la Fundación Agrocapital a la que están muy agradecidos por la confianza y el apoyo económico brindado.

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
  • 197
    View loans »
    Bolivia Loans Fundraising
  • $31,028,500
    Funds lent in using Kiva
  • 7.0
    Bolivia Bolivianos (BOB) = $1 USD