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Diamantes Group
In this Group: Dilian, Cinthia, Rosa, Rosa, Maria Del Rosario, Mayerline, Lanz Jair, Ivana, Maria, Lola, Paola Andrea
The “Diamantes” (Diamonds) Group is led by Sra. Dilian and consists of eleven members who know each other because they live in the same neighborhood. A majority of the members are engaged in commercial businesses. For example, the group president sells groceries. Others sell food, clothing, cosmetics, bread, shoes, milk, and yogurt. Regarding the competitive environment, the members argue that the level of competition is high but they know how to deal with it because they have expertise in their specific fields and know their families’ livelihoods depend on them.


This loan will be used to expand their businesses by purchasing merchandise, supplies, and tools to facilitate their work. As for their previous credit experience, the members have participated in both individual and solidarity group loans, so they have extensive knowledge of how to manage their funds, invest in their businesses, and complete their obligations. They hope this opportunity will guarantee a better quality of life for their families.

View original language description ↓
El grupo “Diamantes” esta representado por L. señora Dilian y conformada por 11 miembros de socios que en general se conocen de tiempo ya que residen en el mismo barrio. Una gran mayoría de las socias se dedican a L. actividad comercial como por ejemplo L. presidenta se dedica a L. venta de abarrotes, otras se dedican a L. venta de comida, venta de ropa, venta de cosméticos, venta de pan, venta de zapatos, leche y yogur. En cuanto al entorno competitivo las socias afirman que el nivel competitivo es alto pero que saben como salir adelante ya que tienen experiencia en su rubro y saben como salir adelante ya que de ello depende el sustento de su familia. El crédito será destinado a L. ampliación de sus negocios con al adquisición de mercadería insumos y herramientas que faciliten su trabajo. En cuanto a L. experiencia crediticia de los miembros del grupo una gran parte ya trabajo bajo L. modalidad de créditos individuales y solidarios por lo que tienen amplio conocimiento sobre el manejo de los fondos otorgados, saben invertir en sus negocios y cumplir con sus obligaciones de forma que puedan obtener una ganancia que les ayude a mejorar L. calidad de vida de 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

  • $5,500
    Average annual income
  • 198
    View loans »
    Bolivia Loans Fundraising
  • $31,040,850
    Funds lent in using Kiva
  • 7.0
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A portion of Diamantes Group's $3,350 loan helped a member operatng capital for their respective businesses.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 16, 2009
Listed
Jan 16, 2010
Currency Exchange Loss:
Possible
Ended:
Aug 12, 2010