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Las Persistentes Gb Group
In this Group: Norah, Clementina, Bertha*, Valentina, Marina, Lucia, Rosario, Ernestina Lucia, Emiliana, Martha Domitila, Ricardo, Angelica*, Elizabeth Yovana
* not pictured
The clients of the Las Persistentes GB group sell food, fruit, vegetables, sweets, CDs, toys, school materials, cloth for clothing and one has a tin workshop. They belong to the German Busch regional branch. They formed a group together 5 years ago for the necessity of a working capital loan that permitted them to increase their working capital.

One example is Ernestina, 42 years old, married with 5 children. She has sold stuffed animals and toys for 25 years in different markets with the help of her children. Now she needs more capital to buy toys for the holidays at the end of the year. She also indicates that she likes the group form of credit for the solidarity guarantee that doesn't need other requirements to apply for a loan.

View original language description ↓
Venta de comida, frutas, verduras, dulces, CDS, juguetes, material escolar, atención de tienda de barrio, tejido de prendas de vestir y taller de hojalata, son los diversos negocios a los cuales se dedican las integrantes del grupo Las Persistentes GB, que pertenecen al Centro Focal German Busch, se agruparon hace aproximadamente 5 años por la necesidad de contar con un capital de trabajo que les permita incrementar su capital de trabajo. Un ejemplo claro es Ernestina Gutiérrez de 42 años, casada y con cinco hijos, vende peluches y juguetes hace 25 años en diferentes ferias con la ayuda de sus hijos, ahora por las fiestas de fin de año necesita mayor capital para comprar juguetes, tambien indica que ele gusta la forma de trabajo en grupo por la garantía solidaria ya que no necesita otros requisitos para acceder al préstamo.

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
  • 121
    View loans »
    Bolivia Loans Fundraising
  • $30,305,725
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Las Persistentes Gb Group's $3,025 loan helped a member to increase working capital.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 30, 2009
Listed
Dec 1, 2009
Currency Exchange Loss:
N/A
Ended:
May 15, 2010