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Retoño Group
In this Group: Jenobeva, Gabriela, Erwin, Leidy, Maria Magdalena, Elena, Maria Isabel, Wilma, Isabel, Patricia, Ana Ysabel, Fabiola, Erika, Cirila
The community bank "Retoño" is represented by Mrs. Jenoveba and is maD. up of 14 members who are completed a third cycle together showing unity and solidarity with their partners. They are a happy group and reliable with their payments which is why they were offered new economic support so that they can continue to grow and develop sufficient capital to improve their quality of life. A large majority of the members work in the commercial sector selling drinks, food, children's clothing, and perfume sales (Avon, Esika, and Ebel). Others work in the service sector in areas like transport, hairdressing, dentistry, sewing, and dental services. They are all conscientious workers with their businesses and they know how important it is to treat the clients well because that differentiates them from their competitors. The loan will be used to invest in their different businesses by purchasing supplies, work materials, and modern tools in order to offer better service to their clients. The primary hope of the group is good education for their children as well as personal improvement and more profitable businesses which will proviD. a better quality of life for their families.
View original language description ↓
El banco comunal "Retoño" esta representado por la señora Jenoveba y conformada por 14 miembros que van cursando juntos un tercer ciclo demostrando unidad y solidaridad con sus compañeros, son un grupo alegre y muy cumplido por lo que se les brinda un nuevo apoyo económico para que sigan creciendo y desarrollando un capital D. trabajo suficiente para mejorar su calidad D. vida. Una gran Mayoría D. los socios se dedica al ámbito comercial como la venta D. refrescos, venta D. comida, venta D. ropa para niños y jóvenes y venta D. perfumes (Avon, Esika y Ebel), otros se dedican a prestar servicios como el transporte, peluquería, odontología, costura y mecánica dental. Todos se dedican muy conscientemente a sus negocios y saben lo importante que es tratar bien a los clientes ya que esa es la diferencia con sus competidores. El des tino del financiamiento es para la inversión en sus fuentes D. trabajo como la compra D. insumos, materiales D. trabajo y herramientas mas modernas para prestar un mejor servicio a sus clientes. Entre las expectativas D. los clientes esta la educación D. sus hijos que es primordial para cada uno D. los socios así como el deseo D. la superación personal con cursos y negocios mas fructíferos que brinden una mejor calidad D. vida 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

  • $2,817
    Average annual income
  • 79
    View loans »
    Bolivia Loans Fundraising
  • $29,465,675
    Funds lent in using Kiva
  • 7.0
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A portion of Retoño Group's $3,550 loan helped a member capital for operations (sales and services).
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 23, 2009
Listed
Jan 21, 2010
Currency Exchange Loss:
Possible
Ended:
Aug 12, 2010