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Corazon Salvaje Group
In this Group: Carmen Alicia, Jorge, Ancelmo, Mery, Isavel, Fatima Leidy, Faviola Ximena, Eva Yomaira, Piedades, Robin, Teresita, Ynes
The community bank “Corazón Salvaje” (Wild Heart) is respresented by Mrs. Carmen Alicia and made up of 12 members who are mothers and fathers who work non-stop in order to improve their families’ lives and their businesses, so they can complete their responsibilities and increase their earnings to sustain their families. Among the jobs that the members hold are selling food, selling clothing, housecleaning, and cosmetics sales. The men work in transportation, brick-laying and as employees for different companies. There is a lot of job competition so they must work hard and make additional sacrifices in order to generate income. They also have to compete against strong, established businesses like restaurants and boutiques, but this does no discourage them. The competition only makes them work better in order to have economic success. This loan will be used to grow their businesses so they can better serve their customers, by increasing their merchandise and using better equipment. The members have a lot of experience and most of them have worked with similar groups, so they know how to manage the funds so that they can grow their businesses and increase their earnings for their families.
View original language description ↓
El banco comunal “Corazón Salvaje” esta representado por la señora Carmen Alicia y conformada por 12 miembros que se caracterizan por ser padres y madres de familia, que trabajan constantemente, para poder sacar adelante a su familia y sus negocios, para así poder cumplir con sus obligaciones y mejorar los ingresos para el sustento de sus hogares. Entre las actividades que realizan para generar sus ingresos esta la venta de venta de comida, venta de ropas, servicio domestico y promotoras de cosméticos por catálogo, los varones se dedican a la actividad del trasporte, albañilería y el empleo en empresas. La competencia en respeto a sus negocios es fuerte, ya que las señoras y caballeros trabajan duro y requiere un esfuerzo y sacrificio adicional para poder generar sus ingresos, además tienen que competir con negocios fuertes y ya establecidos en áreas comerciales como ser restaurantes, boutiques, pero nada de eso los desanimen a seguir adelante, mas a lo contrario la competencia les obliga a trabajar mejor para poder llegar a tener éxito por ende progreso económico. El crédito será utilizado en agrandar sus negocios para poder brindar una mejor atención a sus clientes por lo que tendrán que incrementar su mercadería y mejorar sus herramientas de trabajo. Los socios tiene buena experiencia ya que la gran mayoría de las personas han trabajado en grupos similares, por lo que saben como manejar los fondos para que estos puedan generar una mejora en sus negocios y así mejorar sus ingresos para el sustento 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

  • $2,817
    Average annual income
  • 130
    View loans »
    Bolivia Loans Fundraising
  • $29,665,275
    Funds lent in using Kiva
  • 7.0
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A portion of Corazon Salvaje Group's $2,500 loan helped a member operational capital.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 21, 2009
Listed
Jan 21, 2010
Currency Exchange Loss:
Possible
Ended:
Aug 12, 2010