The La Bolivianita group is represented by Martha Carola. It is comprised of 14 members. The majority of them sell products like fast food, sweets, groceries in neighborhood stores, tires, fruit, and soft drinks. Some work in public transportation of passengers. As far as competition goes, it does exist. The demand for their products is greater, and they get income according to their needs.
They want to expand their businesses by purchasing merchandise, supplies, and materials that help them generate greater income in order to give their families a better quality of life.
In spite of this being their first cycle with the Institution, they do have experience with communal bank thanks to loans from institutions similar to the Agrocapital Foundation. They are very happy with the economic support given by the Agrocapital Foundation.
El grupo “La Bolivianita” esta representado por la señora Martha Carola y conformado por14 miembros los cuales una gran mayoría se dedica a la venta D. productos como comida rápida al paso dulces, abarrotes en tienda D. barrio, llantas, frutas, refrescos y al transporte publico D. pasajeros. Dentro del ámbito competitivo se pueD. mencionar que si bien esta presenta la demanda D. sus productos es mayor obteniendo ingresos acorD. a sus necesidades, Desean Ampliar sus negocios con la compra D. mercadería, insumos y materiales que ayuden a generar mejores ingresos para poder brindarles a sus familias una mejor calidad D. vida. A pesar D. ser su primer ciclo dentro D. la Institución ya cuentan con experiencia en grupos solidaR. gracias a créditos en otras instituciones similares a la Fundación Agrocapital por lo que están contentos por el apoyo económico brindado.
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.