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Avaroa Group
In this Group: Eloisa, Silvia Fanny, Martha, Jesusa Lola, Carolina, Ruth Lourdes, Veronica, Carolina
In one of Pro Mujer's towns, Villa Adela, is the Communal Bank “Avoroa”, which has 8 members. They are developing their group by having meetings where they make rules and are lead by their board (president, treasurer, and secretary). They came together as neighbors and friends who all lived around the center of town where they can get the most working capital and raw materials for their businesses. Three members are weavers and five are merchants who buy and sell metal furniture, plastics, slippers, and fruit.
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En uno de los Centros Focales de Pro Mujer Villa Adela, se encuentra la Asociación Comunal Avaroa, con ocho integrantes, desarrollan su reunión elaborando el reglamento interno se su grupo, liderizadas por su mesa directiva (presidenta, tesorera y secretaria de actas). Se agruparon por vecinas y amigas que viven alrededor del Centro Focal por la necesidad de contar con mayor capital de trabajo que les permita adquirir mercadería en negocios de comercialización y materia prima en negocios de producción, así 3 integrantes se dedican al tejido de prendas de vestir y 5 a negocios de compra y venta de muebles metálicos, plásticos, chinelas y frutas.

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
  • 92
    View loans »
    Bolivia Loans Fundraising
  • $28,715,675
    Funds lent in using Kiva
  • 7.0
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A portion of Avaroa Group's $3,075 loan helped a member purchase of raw materials and merchandise.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 24, 2009
Listed
Dec 1, 2009
Currency Exchange Loss:
Covered
Ended:
Jun 15, 2010