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Jose Cronembold Group
In this Group: Leidy Lorena, Maribel, Cervacio Darwin, Maria Angelica, Maria Esther, Maria Del Carmen, Grabiel, Denisse, Guinder Antonieta, Darwin Jaro, Veronica, Marisa Victoria , Rosa Maria
The group “José Cronembold” is represented by Señora Leidy Lorena and is maD. up of 13 members, including 10 women and 3 men. They all have their own businesses; some are involved in the production and sale of bread and food, other sell products such as clothing and cosmetics, and others proviD. services such as transportation, the sewing of garments, cleaning services, secretarial services and the distribution of bottles. The competition is really very difficult, especially in the area of bread and food sales, because every day the members of the group must sacrifice more to obtain the income needed to sustain their families. This loan will be used to enlarge their businesses with the purchase of products, merchandise, supplies and tools that will help them generate increased incomes to improve the standard of living and quality of life for their families. The majority of the members had only heard about these group loans, but in the course of the credit training that they were given they were informed about the movement. They also learned what this institution wants so that they can continue enjoying the economic support that it provides in order that their businesses can continue to grow.
View original language description ↓
El grupo “José Cronembold” esta representado por la señora Leidy Lorena y conformada por 13 socios D. los cuales 10 son mujeres y 3 son varones, todos poseen sus negocios propios como la elaboración y comercialización D. pan y comida, algunas venden productos como ropa y cosméticos y otros prestan servicios como transporte, costura D. prendas D. vestir, servicio D. limpieza, secretariado y la distribución D. garrafas. La competencia está realmente muy difícil, especialmente en la venta D. comida y en la venta D. pan por lo que cada día los miembros del grupo deben sacrificarse mas para obtener los ingresos para el sustento D. sus familias El destino del financiamiento es para poden agrandar mas sus negocios con la compra D. productos, mercadería, insumos y herramientas que ayuden a generar mejor sus ingresos para mejorar el sustento y la calidad D. vida D. sus familias. La mayoría D. las socias solo habían escuchado D. estos créditos en grupo, pero en la capacitación que se les da en el transcurso D. crédito, se les informo como era el movimiento y que es lo que desea la institución para poder seguir gozando del apoyo económico que se les brinda para que continúen creciendo.

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
  • 182
    View loans »
    Bolivia Loans Fundraising
  • $31,008,200
    Funds lent in using Kiva
  • 7.0
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A portion of Jose Cronembold Group's $2,950 loan helped a member operating capital.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 19, 2009
Listed
Jan 18, 2010
Currency Exchange Loss:
Possible
Ended:
Aug 12, 2010