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Orquideas Group
In this Group: Yovana, Carlos Victor, Veronica, Marina, Mariela, Patricia Lorena*, Aida Jhovana, Maria Del Carmen, Concepcion, Rosana, Cecilia, Martha
* not pictured
The group “Orquídeas" (Orchids) is led by Sra. Yovana and consists of 12 members who engage in different business activities in their neighborhood selling food, cosmetics, groceries, bread, natural products, and nutritional supplements. As in any commercial area, there always exists competition with both supply and demand, but the members know how to get ahead because of their experience and desire to succeed.


This loan will be used to diversify their products and invest in their businesses. They will purchase materials, supplies, and tools to help them generate more income for sustaining their families. The members are familiar with solidarity group loans since they have worked with other institutions similar to Fundación Agrocapital. They are starting their third loan cycle together and have demonstrated responsibility and the desire to succeed in their businesses and in their families.

View original language description ↓
El grupo "Orquídeas" esta representada por la señora Yovana y conformado por 12 miembros las cuales tienen diferentes actividades comerciales como la venta D. comida, otras son promotoras D. cosméticos, venta D. abarrotes en tiendas en su barrio, elaboración y distribución D. pan, venta, venta D. productos naturales y venta D. productos D. nutricionales. Como en todo rubro comercial siempre existe la competencia D. la oferta y la demanda, pero las socias saben como salir adelante con su experiencia y ganas D. salir adelante. El destino del crédito es para la diversificación D. productos y para invertir en sus negocios con la compra D. materiales, insumos y herramientas que ayudaran a generar mejores ganancias para el sustento D. sus familias. Las socias ya trabajaran bajo esta modalidad en instituciones similares a la fundación Agrocapital en la cual van ingresando a su tercer ciclo demostrando responsabilidad y ganas D. sacar adelante a sus negocios y a sus familias.

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
  • 97
    View loans »
    Bolivia Loans Fundraising
  • $29,514,125
    Funds lent in using Kiva
  • 7.0
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A portion of Orquideas Group's $4,100 loan helped a member operating capital for their respective businesses.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 24, 2009
Listed
Jan 1, 2010
Currency Exchange Loss:
Possible
Ended:
Jun 25, 2010