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24 De Septiembre Group
In this Group: Lia, Carmen, Felix, Jovita, Virginia, Francisca, Flora, Briyith Micaela, Adhemar, Elena, Gladys
The September 24th Group is led by Sra. Lia and consists of eleven members who live in the neighborhood of La Cuchilla. They all know each other well and trust one another. All of the members of the group have their own businesses in which they sell food, clothing, cosmetics, bread, and empanadas. One member provides public transportation services. In order to deal with the competitive environment, the members are constantly turning over merchandise. For this reason, they are in need of financing so that they can increase their operating capital and acquire more merchandise which will enable them to compete in the market and keep pace with demand. Other members will use the funding to purchase supplies, acquire equipment, and repair their vehicles. The majority of the members have already participated in solidarity loans with other institutions similar to Fundación Agrocapital. They know how to manage their funds in order to benefit and expand their businesses, which are the cornerstones behind maintaining their households.
View original language description ↓
El grupo “”24 de Septiembre” esta representado por la señora Lia y conformado por 11 miembros todos residentes del barrio la cuchilla por lo que se conocen bien y confían unos a otros. Todos los integrantes del grupo tienen sus negocios propios como la venta de comida, venta de ropa, venta de cosméticos, venta de pan, empanadas y el transporte publico de pasajeros. En cuanto al entorno competitivo las socias siempre están en constante cambio de mercadería debido a ella es por esta razón que requieren del financiamiento ya que les servirá para el incremento de sus capital de trabajo y para incrementar sus mercaderías de modo que puedan competir en el mercado de la oferta y la demanda; en cuanto a los otros rubros el destino del financiamiento será la adquisición de insumos, herramientas de trabajo y para la reparación de sus vehículos. En su gran mayoría las socias ya trabajaron bajo la modalidad de crédito solidario con instituciones similares a la Fundación Agrocapital por lo que saben manejar los fondos otorgados para beneficio e incremento de sus negocios que son el pilar fundamental para el sustento de sus hogares

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
  • 104
    View loans »
    Bolivia Loans Fundraising
  • $29,035,325
    Funds lent in using Kiva
  • 7.0
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A portion of 24 De Septiembre Group's $2,075 loan helped a member operating capital for their respective businesses.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 24, 2009
Listed
Jan 21, 2010
Currency Exchange Loss:
Possible
Ended:
Jun 25, 2010