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Señor De Milagros 2 Group
In this Group: Macaria, Alberta, Olga , Ariel, Margarita, Lidia, Grober Fernando, Dolores Altagracia, Andres*, Orlando, Omar Alejandro*
* not pictured
Macaria represents the Señor D. Milagros group. It is comprised of 11 members, 5 men and 6 women. They are friends who have known each other for a long time because they all live in the same neighborhood.

Andrés is a member who stands out in the group. He is a bricklayer, and he is a very hard-working man. During the day he works on big jobs with contractors, and in the evenings he works on small jobs in private houses. His wife helps him in order to be able to get greater income and give their children a better quality of life. He lives in a rental until he is able to get together the money to buy a lot and have his own house. To do this he needs to keep working to fulfill his dream. Andrés will use the loan to buy tools to put down tiles and be able to do more jobs in less time.

The other members of the group work at different commercial activities like selling chicken, selling yogurt, selling meat and vegetables, a store, carpentry, and one member is a mechanic. Competition exists, but the members are well known because they have lived in the area for over 25 years, and they have established customers.

The loan is for operating capital and investment in their businesses. In the future they plan to expand in the market from where they are with us. Most of them have experience with communal banks thanks to loans with entities similar to the Agrocapital Foundation.
View original language description ↓
El grupo “Señor D. Milagros” esta representado por la señora Macaria y conformado por 11 miembros 5 varones y 6 mujeres los cuales se caracterizan por ser amigos y conocidos desD. hace tiempo ya que todas residen en el mismo barrio. El señor Andrés es un miembro destacado del grupo ya que se dedica a la albañilería y es un hombre muy trabajador durante el día trabaja en obras grandes con contratistas y en las noches trabaja en pequeñas obras en casas privadas con la ayuda D. sus esposa para poder obtener un mayor ingreso y darles a sus tres niños una mejor calidad D. vida, el vive en alquiler hasta que pueda juntar dinero para comprar un lote y poder tener su propia casa pero para ello le hace falta seguir trabajando para cumplir su sueño, Don Andrés destinara su crédito a la compra D. herramientas para colocar cerámica y poder abarcar mas trabajos con un menor tiempo en la obra. El resto D. los miembros del grupo se dedican a diferentes actividades comerciales como la venta D. pollo, venta D. yogurt, venta D. carne y verduras, tienda, carpintería y uno es mecánico. Existe competencia pero los socios son conocidos ya que viven más D. 25 años por la zona y tienen clientes ya establecidos. El destino del financiamiento es para capital D. operaciones e inversión en los negocios D. los clientes ya que a futuro piensan expandirse en el mercado D. donD. están con nosotros. Una gran mayoría cuenta con experiencia en grupos solidarios gracias a financiamientos en entidades similares a la fundación Agrocapital.

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
  • 89
    View loans »
    Bolivia Loans Fundraising
  • $28,645,575
    Funds lent in using Kiva
  • 7.0
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A portion of Señor De Milagros 2 Group's $2,575 loan helped a member operating capital.
100% repaid
Repayment Term
4 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 1, 2010
Listed
Mar 1, 2010
Currency Exchange Loss:
Possible
Ended:
Jun 25, 2010