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Flor De Tuna Group
In this Group: Virginia, Teodora Erminia , Enilda, Rosario, Maria Eugenia, Froilan, Teresa Giovanna, Antonia, Katherine, Maria Yenny, Veronica
The members of the group Flor D. Tuna are respresented by Mrs. Virginia and is maD. up of 11 hard-working and entreprenurial members. Everyone in the group has a family to support and this why every morning they go to the market to sell their products with the hope of earning enough money to mantain their homes. The majority of the members work selling and making crafts, sewing bags and wallets, vegetables, and products like detergent, groceries, and appliances. In the market where they sell their products their is a lot of competition, so the members plan to move their stands to peripheral areas to increase their sales. The loan will be used for the purchase of products and supplies to grow their businesses and increase their sales thus generating better incomes so they can proviD. for their families. The majority of the group has experience working with different community banks and are thankful to the institution por the monetary support and trust placed in them. This support and trust will allow them to continue growing and dream of a better future for their families.
View original language description ↓
Las socias del grupo “Flor D. Tuna” esta representado por la señora Virginia y compuesta por 11 miembros muy trabajadores y emprendedores, cada uno D. los socios tiene una familia que mantener es por esto que todas las mañanas salen al mercado a vender sus productos con la esperanza D. poder generar una ganancia para mantener en pie sus hogares. Una mayoría D. las socias se dedican a la comercialización y elaboración D. artesanía, costura D. mochilas y carteras, a la venta D. verduras y productos para hogar como detergentes, abarrotes y electrodomésticos. En el mercado en el cual desarrollan sus actividades existe bastante competencia por lo que alguna vez las socias deben mover sus puestos D. venta a zonas periféricas para poder rescatar su capital e incrementar sus ingresos. El destino del financiamiento es para capital D. trabajo y la compra D. mercadearía e insumos para agrandar sus negocios y multiplicar sus ventas generando así un mejor ingreso que permita darles a sus familias una mejor calidad D. vida. En cuanto a la experiencia del grupo una gran mayoría ya trabajo bajo la modalidad D. bancos comunales gracias a créditos similares, estando agradecidos con la Institución por el apoyo económico y la confianza brindada ya que eso representa que puedan seguir creciendo y poder soñar con un futuro mejor para 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
  • 205
    View loans »
    Bolivia Loans Fundraising
  • $31,401,400
    Funds lent in using Kiva
  • 7.0
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A portion of Flor De Tuna Group's $3,650 loan helped a member capital for operations.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 29, 2009
Listed
Jan 21, 2010
Currency Exchange Loss:
Possible
Ended:
Aug 12, 2010