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Raises Group
In this Group: Gisela, Veronica, Ervin Edgar, Marly, Roque, Job Osvaldo, Isabel Yesica, Maria Vaneza, Erika, Fabiola, Carla Lorena, Sthephanie Liliana
The principal characteristic of the Raíces group is that the 12 members, including the president, Gisela, are from the same neighborhood. Most of the members have businesses. Others have the dream of starting a new one like selling cosmetics and jewelry, buying and selling vehicles, public transportation service, beauty salon, and selling food. Others are employed by different businesses. The competition is high, especially in food sales and the sale of cosmetics. Each day every member hopes for a good result in their sales. There is much competition, and the members could stay in a stand or in one place waiting for the customers to come to them. To the contrary, the members travel to sell their things in order to be able to have good sales during the day.

The loan is to make their businesses grow with the increase of merchandise at a low cost. It is also to get tools and supplies to increase income. This is to give their children a better education and a better quality of life.

Most of the members had only heard of group loans. In the training that they were given about loans they were informed about the movement. They learned what this institution wants for the members. Some members were already well informed about this because they had been in other similar institutions with the Agrocapital Foundation.
View original language description ↓
La principal características del grupo “Raíces” es que sus 12 miembros incluyendo a su presidenta la señora Gisela radican en el mismo barrio, la mayoría de las socias tienen su negocio y otras van con la ilusión de empezar uno nuevo como la venta de cosméticos y bisutería, venta y compra de movilidades, servicio de transporte público, atención en salón de belleza, venta de comida y otros son empleados de diferentes empresas. Dentro del ámbito de la competencia es alta especialmente en la venta de comida y en la venta de cosméticos, ya que cada socia espera cada día un buen resultado en sus ventas, existe una gran competencia ya que las socias pudiendo estar ubicadas en un puesto o en algún lugar esperando que sus clientes vengan a ellos, al contrario, ellos salen a ofrecer sus cosas ambulando para así poder tener una buena venta durante su día. El destino del crédito es hacer crecer su negocio con el incremento de mercadería a bajo costo, adquisición de herramientas e insumos para incrementar sus ingresos y poderle dar a sus hijos una mejor educación y una mejor calidad de vida. La mayoría de las socias solo habían escuchado de los créditos solidarios, pero en la capacitación que se les da en el transcurso de crédito, se les informo como era el movimiento y como era lo que desea esta institución para los socios, pero algunas socias ya estaban muy bien informadas de esto, ya que anteriormente habían estado en otra instituciones similares a la fundación Agrocapital.

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
  • 105
    View loans »
    Bolivia Loans Fundraising
  • $29,134,625
    Funds lent in using Kiva
  • 7.0
    Bolivia Bolivianos (BOB) = $1 USD