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16 De Mayo Group
In this Group: Isabel, Gabriel Angel , Elena, Mariceli, Maria Lidia, Pedro, Angelica, Josefa, Francisca, Maria Dalcy, Elena, Ignacio, Rosalia, Alisandy, Bertha, Faustino, Jose Celso
The members of the 16 de Mayo group are characterized as being people who look to progress in spite of adversities. Together with their representative, Isabel, the 17 members are in their second cycle. They demonstrate enthusiasm and responsibility with their payments.

Their activities are selling sweets, food, and cosmetics. Some work as bricklayers, teachers, domestic employees, or employees of private companies. The competition in their businesses is difficult. They all have to work hard to cover their payments and have enough income to support their families.

The loan is to get raw material, merchandise, and work tools to do the best work faster and with a better finish.

Some of the members were not in the group’s first cycle, but they have experience thanks to loans from institutions similar to the Agrocapital Foundation. They are thankful to the Agrocapital Foundation for the economic support and the confidence placed in each one of the members.
View original language description ↓
Las características del grupo “16 de Mayo” es que son personas que buscan progresar a pesar de las adversidades junto a su representante la señora Isabel y sus 17 miembros van cursando un segundo ciclo demostrando entusiasmo y responsabilidad en sus pago. Entre las actividades a las cuales se dedican están la venta de dulces, comida, cosméticos y el servicio de albañilería, profesora, empleadas domesticas y de empresas privadas. La competencia con respecto a sus negocios es y difícil, ya que todos tienen que trabajar duro para poder cubrir sus cuotas y tener una ganancia para el sustento de sus familias. El crédito esta destinado a la adquisición de materia prima mercadería y principalmente herramientas de trabajo para realizar un mejor trabajo con mayor rapidez y con un mejor acabado. Alguna de las socias no entraron en el primer ciclo del grupo pero ya cuentan con experiencia gracias a créditos en instituciones similares a la fundación Agrocapital, a quien dan gracias por el apoyo económico y la confianza depositada en cada una de las integrantes.

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
  • 112
    View loans »
    Bolivia Loans Fundraising
  • $29,636,400
    Funds lent in using Kiva
  • 7.0
    Bolivia Bolivianos (BOB) = $1 USD